Weekly
Market Update: Europe Pulls Greece Away from the Edge as US Eyes the Fiscal
Cliff
- US and European equity markets accumulated solid gains this week after the
Eurozone and the IMF managed to hammer out a compromise with Greece and
investors managed to overlook the fiscal cliff antics in Washington, DC. In
Asia, Chinese equities sank further in into their post-transition funk as no
fresh stimulus measures emerged, while the Japanese government approved $10.7B
in stimulus spending ahead of the December 16th parliamentary elections. A
couple of positive US data points helped distract people from the fiscal cliff
"stalemate": the October durable goods report beat expectations, the
second reading of Q3 US GDP saw a firm gain over the advance reading, to +2.7%
from 2.0%, and the November Chicago PMI reading moved back above the key 50
level. On the commodities front, traders were unnerved by a mysterious and
as-yet unexplained selloff in gold that wiped more than 1% off the spot price
in a matter of minutes on Wednesday morning. Spot gold closed out the week down
about 2% at $1,708, around three-week lows. For the week, the DJIA rose 0.1%,
Nasdaq added 1.5%, and the S%P500 gained 0.5%.
- The White House and the Congressional Republicans offered an operatic level
of fiscal cliff rhetoric this week. The White House's opening gambit to
Congress went over like a lead balloon, with the President reportedly asking
Republicans to give up all of their bargaining chips. The plan included a one
year extension of the payroll tax credit and expanded unemployment benefits,
and a permanent increase in debt limit. It also asks for $1.6T in tax increases
and over $50B in new stimulus spending, offset by only $400B in entitlement
cuts and a one year postponement of the defense spending cuts triggered by the
'sequester'. GOP leaders howled that the White House plan was "not
serious," with Speaker Boehner calling the current situation a
"stalemate" and Senate majority leader McConnell calling it a step
closer to the fiscal cliff. In their public statements both parties sought to
get the other side to give specifics first: Democrats wanted to see a summary
of tax hikes the Republican's would allow, and Republicans demanded to see a
list of specific spending cuts from the Dems. Despite the heated rhetoric,
however, many reports indicate that in private, the House Republicans are said
to understand the weakness of their negotiating position and that they may be
readier to compromise than they appear.
- November same store sales reports were not especially positive due to a slow
start to the month impacted by Superstorm Sandy in the northeast, but more
positive signs were seen during the Black Friday weekend. Sales on Black Friday
itself were down year over year, diluted a bit by the decision of many big
retailers to start the holiday sales season late on Thanksgiving Day; for the
holiday weekend as a whole, US retail sales were up 2.7%. November comps were
broadly worse than expected, with very few names able to meet or beat consensus
expectations and many others falling well short. The department store names
were especially hard hit, with Target, Bon-Ton, Nordstrom's and Kohl's all
delivering negative comps. The online retail segment performed very well on
Black Friday: comScore reported that online sales rose 26% y/y, hitting a
record $1.04B.
- On the M&A front, the week's big story was ConAgra closing its
long-running quest to acquire Ralcorp. ConAgra will buy the private-label food
firm for $90/share in cash, in a total deal valued around $4.95B ex-debt.
McGraw Hill confirmed that it would divest its education business to Apollo
Global Management for $2.5B, leaving the firm with its financial services
operation. The pursuit of Knight Capital Group heated up, with a $3.50/share
bid on the table from Getco and a comparable bid said to be offered by Virtu
Financial.
- The EPA temporarily suspended BP from receiving new contracts with the
Federal government. The agency cited BPs lack of business integrity surrounding
the Deepwater Horizon blowout, explosion, oil spill, and response. Note that BP
is one of the largest suppliers of fuel to the US Department of Defense, which
announced it would put $2B of contracts that BP currently holds up for an open
bidding process when their current term expires in the next two years.
- The torrent of special dividends out of US corporates kept flowing this week.
With corporate cash hordes at record high levels and taxes set to rise next
year, companies are handing long-term holders a nice payday at today's lower
tax rates. Among the most notable was Costco, which declared a $7.00/share that
the company said would amount to $3.0B.
- EUR/USD tested and broke out to five-week highs this week, trading as high as
1.3030 after the eurozone managed to hash out the Greece agreement and the
German Parliament rubber stamped the deal. Midweek there was a certain amount
of skepticism about the deal as German opposition figures tried and failed to
delay the Bundestag vote, but it passed through the Bundestag on Friday with
the help of votes from the pro-Euro opposition party. In addition, there were still
a lot of question about how the Greek debt swap will be handled and whether all
eurozone governments are really on board with the deal. Euro-skpetic UK
Telegraph writer Ambrose Evans-Pritchard warned that Finland and the
Netherlands could withdraw support for the agreement if the IMF does not
participate. A late Friday downgrade of the EFSF/ESM European backstop funds by
Moody's could also cause ripples next week.
- The yen fell to its lowest level versus the dollar in eight months this week.
Traders continued to build up positions on the expectation that more aggressive
Bank of Japan policy will unfold following the December 16th elections. LDP
party leader Abe and current PM Noda sparred all week long, although both
parties have been demanding that an outsider take the reins at the BoJ and
pursue more activist policies than current BoJ chief Shirakawa. Late in the
week, Nikkei surveys saw the LDP solidly in the lead (23%) while the ruling DPJ
(13%) is now running third behind the nationalist Japan Restoration Party
(15%).
- China markets extended their dramatic declines this week. The Shanghai
Composite cemented its position as the Asia's worst performing index, losing
4.3% for the month of November and 10% YTD. The smooth leadership transition
did little to restore faith in the market, given the absence of policy measures
from Beijing. On Tuesday the US Treasury released its semiannual currency
report and once again refrained from naming China a currency manipulator, but
reiterated that the Yuan remains significantly undervalued. Later Friday night,
Beijing will publish the key November Chinese manufacturing PMI reading;
analysts expect the reading to be around 50.8, up from 50.2 in October. Last
week, the HSBC flash PMI climbed to 50.4.
TradeTheNews
Friday, November 30, 2012
Nov 30 2012
Very nice day with a lot of good trades. GLD short into bounce made Catch of the Day - setup structure should be quite clear from the chart.
Session Time: Fri Nov 30 00:00:00 2012
[09:13] {scottie} good morning
[09:13] {cipher} gm
01[09:13] {Threei} scottie, cipher :)
01[09:14] {Threei} sacottie, had to leave yesterday just when the gem of the day was developing :(
[09:16] {dino} gm
[09:19] {scottie} saw that when I read the log :(
[09:19] {ese} gm
01[09:19] {Threei} dino, ese :)
[09:20] {ese} morning vad
[09:20] {Beau} good morning
01[09:20] {Threei} beau :)
[09:20] {Will49} gm
01[09:20] {Threei} will :)
01[09:21] {Threei} I start thinking FB may be about done...
[09:21] {ese} am not contributing to the board much these days.........busy time of the year for me along with some very serious medical issues with my mom.......
01[09:22] {Threei} not read to start shorting at will yet but looking at it ascance
[09:22] {thomcbell} i like it for a short too - with a $26.50 target level
01[09:22] {Threei} sorry to hear ese...
[09:22] {thomcbell} sorry Ese
[09:22] {ese} don't want to be making to many trading decisions when my brain isn't tatally focused
[09:22] {nemo} oy....that's tough ese...sorry
[09:23] {robbers} Sorry, Ese, been through the Mom thing, even wrote a book about it, very difficult time for all of us. Thoughts out to you.
[09:23] {ese} tks all........appreciate the thoughts
[09:23] {ese} whats the book robbers?
[09:24] {scottie} best wishes to your mom ese, lost mine a few years ago. Moms are precious
[09:24] {ese} tks scottie
[09:24] {nemo} Mine, sheesh, 11 years ago
01[09:25] {Threei} 8 here
[09:25] {robbers} About her battle with brain cancer and not a happy ending. About the witty things she said while dying. Title is "The Last Laugh: Fighting Cancer with Wit and Humor." But don't recommend it for you, it'd be too close to home.
[09:25] {dino} sorry to hear ese, gl
[09:25] {ese} the issue is cancer......stage 3
[09:26] {robbers} Stage three will hopefully be treatable.
[09:26] {Will49} my thoughts are with you ese
[09:27] {ese} hopefuly.........doing scans now to see if anything has matasticised (correct spelling?)
[09:27] {nemo} no, but who cares
[09:27] {robbers} Ese, later we'll PM, I have something that may help.
[09:27] {nemo} Dive in, grab each and every moment
[09:27] {ese} ok
[09:28] {ese} will heed that advise
[09:28] {robbers} Nemo is right, and always be sure you leave nothing unsaid.
[09:28] {robbers} Moms can never hear: "I love you" enough.
[09:29] {nemo} It's an unfortunate way, but we learn much about ourselves from these situations
[09:30] {ese} definitely
01[09:31] {Threei} Short Setup: FCX .05 break hl
01[09:31] {Threei} If holds .15
01[09:33] {Threei} trail to .11
[09:34] {dino} obummer speaks arond noon i think
[09:34] {nemo} yeah
01[09:35] {Threei} out
01[09:35] {Threei} maybe overtightening it but it can go either way 50/50 here
01[09:36] {Threei} wow FB
01[09:36] {Threei} Short Setup: FB .25 break
[09:36] {ese} l vrsn .49
[09:36] {ese} sm
01[09:37] {Threei} FB target 1:2
[09:38] {ese} dinos my inspiration on this one
[09:38] {dino} ese gj vrsn, i chickened out
[09:39] {ese} out 1/2 .69 +.20
[09:39] {ese} no brainer news basically
01[09:40] {Threei} tightening was right on FCX
01[09:40] {Threei} no go
[09:42] {cipher} ntes l .42
[09:42] {cipher} sndk l.49
01[09:45] {Threei} *(US) NOV CHICAGO PURCHASING MANAGER: 50.4 V 50.5E
[09:46] {dino} \07 red
01[09:48] {Threei} Short Setup: SLW 37 break
[09:48] {dino} vrsn hl l .40
[09:51] {cipher} sndk stop .45 -.04
01[09:51] {Threei} 1:1
[09:53] {ese} it's gonna take off at some point dino...imo
[09:53] {thomcbell} Vad - for the tea leaves we have been reading on this FB it should have been the month of the year for us
[09:54] {dino} yeah, lets hope before it hits my stop at .24
[09:54] {robbers} Out SLW, thanks.
01[09:55] {Threei} well, for that we would have to do swing trade on it
[09:55] {ese} i'm at the low of the day with just a couple of hundred
[09:55] {thomcbell} or had been more liberal with the last 25% of long positions with trailing stops
[09:55] {dino} out vrsn .74, +.34
[09:55] {ese} i'm actually thinking this thing might be good for a couple of bucks next day or 2
[09:56] {ese} well done
[09:56] {dino} ty
[09:56] {robbers} gj
[09:56] {dino} no swings with cliff sh#t talk all day all month
01[09:56] {Threei} eqzaktly
01[09:56] {Threei} why are you so optimistic on VRSN ese? looks like bad news all around
01[09:57] {Threei} and daily chart is badly broken
01[09:57] {Threei} this kind can drop a lot
[09:58] {ese} yup.......stops in at low of the day
[09:58] {dino} gco odd, beats and raises, -4
[09:59] {dino} sm l gco .90, gappy sucker
[09:59] {ese} am counting on big short cover
[10:00] {ese} news is not good for sure but a 15.00 hair cut might be a little over done
[10:00] {ese} from 50.00
01[10:01] {Threei} who is to say how much this or that news development costs?
[10:01] {ese} ouuuuuuu almost stopped out there
01[10:02] {Threei} 10/26 big gap down, notice that it never got filled
01[10:02] {Threei} instead we got another one
01[10:02] {Threei} this is not a sign of any health
[10:02] {dino} just remember, discipline trumps conviction
[10:03] {cipher} splk l.20
01[10:05] {Threei} frikin FB rinsed first short
[10:06] {cipher} out splk .49 +.29
[10:06] {dino} gj
01[10:06] {Threei} Short Setup: FB .10 break
01[10:07] {Threei} If holds .20
[10:07] {thomcbell} this splk going much lower over next few days
[10:08] {thomcbell} growth rate slowing -
[10:08] {cipher} splk reload .35
[10:08] {thomcbell} rev multiple is absurd
[10:09] {dino} bunch of fundy guys here today. whats happening to this room :)
01[10:09] {Threei} 1:1
[10:09] {scottie} not in, too fast for me
[10:10] {Will49} same
[10:10] {robbers} out FB, thanks again.
[10:10] {dino} gj
[10:11] {thomcbell} 26.50 is a serious support level short term in my opinion - humble opinion rather on FB
[10:11] {cipher} splk stop .25 -.10
01[10:11] {Threei} 1:2
01[10:12] {Threei} out in full here
[10:16] {dino} pir hl l .25
01[10:16] {Threei} Long Setup: LVS .60 break
01[10:17] {Threei} If holds .45
01[10:17] {Threei} fast...
[10:18] {cipher} splk l .28
[10:18] {ese} come on vrsn...........200 the easy
[10:19] {ese} $1 is that too much to ask
[10:19] {scottie} Vad, is lvs l .60 ?
[10:20] {ese} stop to .00 vrsn
01[10:20] {Threei} oh crap
01[10:20] {Threei} no
01[10:20] {Threei} .50 that was
[10:20] {dino} tsro, drop into gap
01[10:20] {Threei} mistype
[10:20] {scottie} damn, I'm in at .61
01[10:20] {Threei} quick dive under .50, recross while holding .45...
01[10:20] {Threei} sorry
01[10:21] {Threei} it still looks OK
[10:21] {Will49} in at .61 also
01[10:22] {Threei} but... didn't it look strange that call had such wide stop, was made that far from trigger and I added "fast" while it was there?
[10:22] {Will49} yes stop was strange
01[10:22] {Threei} it's still a valid setup here, stop under .50
[10:22] {scottie} that was that fast... that brought my question
[10:24] {ese} vrsn to .25
[10:24] {cipher} out splk .79 +.51
[10:25] {cipher} too soon damn
[10:25] {cipher} avgo l.08
[10:26] {dino} gj
[10:26] {cipher} ty
01[10:27] {Threei} trail to .54
01[10:27] {Threei} target 1:2
[10:29] {ese} ya got yer money ana ya got yer shares so ya wanna be talkin yer money manaagament stratagis here..........ya got yer vrsn stop ta now .40
[10:30] {ese} i coulda nah patentiate make $35 of yer dollars taday.......t's the mother of loads
[10:31] {nemo} I'll leave that one alone
[10:31] {ese} lol
[10:31] {dino} ditto
01[10:35] {Threei} Long Setup: FB 27 break
01[10:35] {Threei} If holds .95
[10:36] {dino} yum app lod
[10:43] {nemo} red picking up a bit
01[10:43] {Threei} Short Setup: CAT .55 break hl
01[10:44] {Threei} change to .60 break
01[10:45] {Threei} Invalidated
[10:46] {thomcbell} pdce 35.74 break if holding 35.84
[10:48] {thomcbell} looks like FB 27.01 break is valid again
[10:48] {thomcbell} and now probably have some shorts here
01[10:48] {Threei} I think so
[10:48] {thomcbell} with 27.01 stop
[10:50] {dino} pretty good drop
01[10:50] {Threei} (EU) Hearing chatter on twitter that ESM and EFSF could be downgraded soon- Chatter on twitter suggests Moodys could be looking to downgrade the funds
[10:51] {thomcbell} fb possibly two sided here 26.90 break
01[10:51] {Threei} but I thought Europe has been fixed?
[10:52] {thomcbell} hehe
01[10:52] {Threei} on second thought... consider that a double entendre
[10:53] {ese} have a great weekend all hopefully see you monday
[10:53] {scottie} ese
[10:53] {Will49} cya ese
[10:54] {Will49} means see you
[10:54] {dino} ovti hl l .78
[10:56] {cipher} sndk l .08
[11:01] {cipher} out .20 +.12
01[11:09] {Threei} (US) White House: Debt plan presented by Treasury Sec Geithner yesterday was precisely what the Presidential campaign was about- Note: Comments come in response to the GOP's rejection of the plan yesterday as 'not serious'
01[11:10] {Threei} believe it or not, but that plan included STIMULUS
[11:10] {dino} 1.7t in taxes + 50b stimulus. he just doesn't get it
01[11:11] {Threei} can it be that consiracy theorists were right, and he does? and does it deliberately, to finish off the country?
[11:11] {dino} i would rather see cliff than more spending
01[11:11] {Threei} I just can't think of any plausible explanation
01[11:12] {Threei} how can anyone in his position, seeing what deficit and debt do to the country continue doubling down on this path
[11:12] {dino} he just doesn't get it
01[11:12] {Threei} I don't understand how it's possible
[11:13] {dino} egomaniac
01[11:13] {Threei} hoi poloi might not get it
01[11:13] {Threei} but he has all information laid out before him
[11:13] {dino} as he says, "i am smarter than my advisors"
[11:14] {Will49} your mistaking him for someone that gives a s***
01[11:14] {Threei} well, come on
[11:14] {dino} roflol, but you are right will
01[11:14] {Threei} what president wants his legacy to be destruction of the country
[11:15] {Will49} very few politicians who will do "the right thing". They are focussed on "getting theirs" first
01[11:15] {Threei} that's normal for the first term
[11:15] {Will49} the "me" generation at work
01[11:15] {Threei} but second is for legacy
[11:16] {dino} well, he's a socialist, so....
01[11:16] {Threei} I had tiny sliver of hope that now without another election ahead he might get serious
01[11:17] {Threei} now, what's the difference between ignorance and apathy?
[11:17] {Will49} is it better to not know? or better to know and not care?
01[11:17] {Threei} "I don't know and don't care"
[11:18] {Will49} :)
01[11:18] {Threei} Short Setup: CAT .80 break
01[11:18] {Threei} hl
01[11:18] {Threei} If holds .90
01[11:18] {Threei} seriously, I want someone of my left-leaning friends to try and explain it to me
01[11:19] {Threei} how can it be that they want more stimulus now under the disguise of deficit-cutting plan
[11:19] {thomcbell} SPLK looks squeezable
01[11:20] {Threei} {SPLK} stop with sexual innuendos
[11:20] {dino} you must come to the dark side 3i
01[11:20] {Threei} 1:1
01[11:21] {Threei} I though I did when I put strong preferences on dark beers
[11:22] {cipher} cvlt l.72
01[11:23] {Threei} Short Setup: GLD .25 break
01[11:23] {Threei} If holds .35
01[11:30] {Threei} 1:1
[11:31] {scottie} +.18 gld tks Vad
01[11:31] {Threei} 1:2, out
01[11:31] {Threei} awww, too soon
01[11:31] {Threei} so very too soon
[11:31] {scottie} +.18 cat as well
01[11:31] {Threei} :)
[11:31] {Will49} .22
01[11:31] {Threei} CAT 1:2
[11:32] {cipher} avgo l .09
[11:32] {cipher} out .23
[11:36] {dino} gj scott, cipher
[11:36] {cipher} out cvlt .03 +.31
[11:37] {cipher} ty
[11:37] {scottie} tks dino
[11:40] {scottie} OVTI l 15 ?
01[11:41] {Threei} probably
[11:41] {scottie} in .01
[11:42] {dino} i'm in at .78
[11:42] {Will49} in .01
[11:43] {scottie} from 10:55 I see dino
[11:45] {scottie} don't tell me I'm doing one of your trades
[11:45] {scottie} that's scary
[11:46] {Will49} dino....aren't you bored with a 1 cent spread?
[11:46] {Will49} no adrenalin rush there
[11:46] {dino} yeah, bored out of my mind w/it
[11:47] {scottie} I love boring profitable trades :)
[11:48] {dino} stop to .98 on ovti
[11:49] {Will49} really loved that quick 1:3 on GLD though
[11:50] {dino} out ovti +.20
[11:51] {scottie} gj dino
[11:51] {thomcbell} this FB still very impressive how it holds
[11:52] {nemo} remember Obama speaking at 12
[11:52] {Will49} get the nose plugs ready
[11:52] {nemo} I would be flat if I were you
[11:53] {nemo} Boehner gonna' speak at 12:45
01[11:53] {Threei} pattern ;lately is dfor the market to sell off when Obama speaks
[11:54] {scottie} out ovti flat
[11:54] {Will49} me too
[11:59] {Will49} see how we follow orders? :)
01[11:59] {Threei} OK, what are our short candidates in case both speakers fail to inspire
01[12:00] {Threei} and when I say "fail to inspire" I mean "do as usual"
[12:00] {Will49} AIG?
01[12:00] {Threei} looks decent
01[12:00] {Threei} JPM
01[12:00] {Threei} 41 break
01[12:01] {Threei} Short Setup: JPM 41 break
01[12:01] {Threei} If holds .10
01[12:03] {Threei} Short Setup: AIG .10 break
[12:04] {scottie} jpm not in short list
01[12:04] {Threei} lol... "I already miss the time on the campaign"
01[12:04] {Threei} campaigner in chief
[12:12] {Will49} looks like a snoozer
[12:12] {Will49} the reaction that is
[12:13] {dino} ]sounds like he's still campaigning
01[12:13] {Threei} absolutely
01[12:15] {Threei} die AIG
01[12:15] {Threei} let's trail to .16
[12:20] {Will49} here comes boner
[12:22] {thomcbell} FB day low
01[12:23] {Threei} 1:1
01[12:24] {Threei} (US) President Obama: The long-term goal of fiscal cliff talks is to get the deficit under control, believes Democrats and Republicans can work together to solve the problem- Nothing is easy in Washington, DC, expects prolonged negotiations. - Priority is the package of middle class tax cuts. Urges House to pass senate bill that would extend middle-class tax cuts. - Some Republicans in Congress are coming around to my balanced approach.
01[12:25] {Threei} BALANCED APPROACH??
01[12:25] {Threei} more stimulus in place of spending cuts?
01[12:25] {Threei} where is my asteroid
01[12:25] {Threei} I want off this planet
01[12:26] {Threei} who's with me, claim your place now but you bring beer
[12:27] {Will49} there's ice on mercury
01[12:27] {Threei} next round of selling in 20 min when Boehner comes to the mike?
01[12:27] {Threei} hmmm... that'd be handy with that beer
01[12:27] {Threei} and we could fry bacon on sunny side
[12:28] {dino} lol
[12:47] {scottie} ABV s .40 ?
01[12:48] {Threei} yes
01[12:48] {Threei} Boehner is on
[12:48] {nemo} what did Boehner say?
[12:49] {nemo} nice shakeout
01[12:52] {Threei} "we are almost nowhere"
01[12:53] {Threei} (US) House Speaker Boehner: President Obama's proposals will hurt small businesses; reiterates the focus should be on spending; "there is a stalemate" and "right now we're almost nowhere"- Notes that Republicans want a bipartisan solution that can pass through both houses - Says that GOP original framework provided still holds, want to raise taxes through removal of loopholes }- Comments that the GOP is willing to work with the President; finding common ground is better soon rather than later.
[12:57] {scottie} ABV two sided ?
01[12:57] {Threei} I wouldn't take long on it
01[12:57] {Threei} doesn't look right
[12:57] {scottie} ok
[12:59] {scottie} ERJ l. 25 ?
01[13:00] {Threei} aggressive entry
01[13:00] {Threei} .95 break
[13:02] {scottie} in .96
[13:03] {scottie} stop .87
[13:03] {Will49} with you
[13:03] {Will49} if that makes you feel any better
[13:03] {scottie} let's get them
[13:04] {scottie} I mean THEM
[13:04] {Will49} charge!
01[13:04] {Threei} Short Setup: GLD 166 break
[13:04] {nemo} groundhog day
01[13:04] {Threei} If holds .10
01[13:04] {Threei} THEM be gotten
01[13:04] {Threei} hmmm... was it english?
[13:04] {Will49} them that has will get
[13:07] {scottie} out ERJ
01[13:08] {Threei} that was weird
[13:08] {Will49} still in
[13:10] {scottie} Especially designed to shake me out :)
01[13:11] {Threei} Explosion rocks the Social Security Administration building in Casa Grande, Arizona; no injuries reported
01[13:11] {Threei} hmmm
01[13:12] {Threei} 1:1 GLD
01[13:16] {Threei} Obama: not acceptable for 'handful of republicans' to hold middle-class tax cuts hostage to preserve tax cuts for wealthy
01[13:16] {Threei} what a gross misrepresentation of opponent's position
[13:16] {Will49} out .87
[13:16] {thomcbell} does that ever matter?
01[13:17] {Threei} 1:2, out
[13:19] {dino} ssys drop
[13:20] {scottie} +.19 gld tks Vad
[13:20] {thomcbell} Sissyphus
[13:20] {dino} gco hl l .75
01[13:20] {Threei} yw
01[13:21] {Threei} tbell... what?? :)
01[13:21] {Threei} lol
[13:21] {thomcbell} ssys
[13:21] {dino} jwn hl l .00
01[13:24] {Threei} wow GLD
01[13:24] {Threei} can we have a mulligan?
[13:24] {scottie} lol
[13:24] {scottie} will, looks like ERJ managed to shake us both out
[13:25] {Will49} yeah, and because i can only do one trade at a ime, i missed gld
[13:25] {Will49} time
[13:25] {Will49} gotta upgrade laser
[13:25] {Will49} too cheap to buy the pro version
[13:26] {scottie} the worst of both situation :(
[13:26] {Will49} figured id i can't break even doing one trade at a time, would likely die trying to do two
[13:27] {Will49} if
[13:28] {Will49} but...there is gradual improvement...very gradual
[13:31] {thomcbell} splk trying again here
[13:32] {thomcbell} so much for fundies
[13:32] {nemo} is that short for fudged undies?
[13:33] {thomcbell} clearly someone has some of those
[13:34] {thomcbell} look at bid on FB
[13:34] {thomcbell} at 27.27
[13:34] {thomcbell} hehe
[13:37] {thomcbell} short setup fb 27.27 break if holding 27.38
01[13:37] {Threei} sheesh... trading lesson, for when you have 3 min free: http://goo.gl/JMhEi
[13:40] {dino} out gco +.25
[13:42] {thomcbell} fcx looks decent too
[13:42] {thomcbell} short
03[13:49] * Retrieving #discussions modes...
[13:55] {thomcbell} FB invalidated
[13:55] {thomcbell} looks like it might make a run long
[14:04] {dino} gco hl l .33
[14:18] {dino} jwn to .20
01[14:18] {Threei} (US) House Minority Leader Pelosi (D-CA): President is prepared to sign the middle class tax cut; if no vote occurs, Democrats will file a 'discharge petition'- Highlights overwhelming support for allowing upper rates to expire - Hopeful talks are not at a stalemate (Note: Earlier Boehner described talks at a stalemate); notes that there was nothing new McConnell's entitlement ideas (McConnell suggested means testing and increase in age eligibility requirements for entitlement programs). - Note: A 'discharge petition' would bring the bill to the floor without cooperation of the leadership (Note: Earlier Hoyer requested the House vote on the Presidents bill to extend tax rates for earnings under $250K, a request which was rebuffed by House Republican leadership)
[14:21] {dino} jwn to .24
[14:23] {dino} to .28
[14:24] {scottie} RHI s 28 ?
01[14:25] {Threei} probably but we need market to reverse for that
[14:25] {scottie} I see
[14:25] {dino} to .32
[14:26] {dino} markets want up
[14:26] {dino} out jwn .32, +.32
[14:26] {scottie} great dino
[14:26] {dino} thx scott
[14:31] {scottie} in .99 stop .08
[14:35] {dino} pbm drop, gap around 5.90
[14:42] {scottie} stop .05
[15:03] {scottie} out
[15:03] {scottie} 1 cent from 1:1
[15:04] {dino} thing doesn't move much
[15:11] {dino} yum hl l .01
[15:16] {dino} mygn drop
01[15:17] {Threei} trying to get a feel for the last play
01[15:18] {Threei} fairly decent day as it is, but I am greedy sob
[15:19] {cipher} +.72 mygn thx dino
01[15:19] {Threei} wtg
[15:19] {dino} gj
[15:19] {dino} .28 hl l mygn
[15:20] {cipher} got out too soon
[15:20] {cipher} is it halted?
[15:20] {dino} out mygn 29.34, +1.06
[15:21] {cipher} stopped trading
[15:21] {dino} i'm out 15:20:01
[15:21] {cipher} I'm out too
[15:21] {dino} was in 15:19:10
[15:22] {cipher} they halted it right after it came back up
01[15:22] {Threei} yes
01[15:22] {Threei} circuit breaker
[15:22] {dino} supreme court accepts appeal
[15:22] {dino} mygn
01[15:23] {Threei} -Myriad Genetics Inc Generic drug makers said to be granted Supreme Court review in Myriad gene patent case - financial press **NOTE: on March 26, Supreme Court of the United States remanded the case of The Association for Molecular Pathology, et al., v. Myriad Genetics, Inc., et al (Docket No. 11-725) to the Federal Circuit Court of Appeals, to reconsider their decision dated July 29, 2011, which upheld Myriad's gene patents. -
[15:24] {dino} glad we got out cipher
[15:24] {cipher} yep
[15:25] {dino} i'll see if i can find us one more before close
[15:25] {dino} mygn open, dropping
[15:27] {dino} yum stop -.11
01[15:32] {Threei} Short Setup: MSFT .50 break
01[15:32] {Threei} If holds .60
01[15:37] {Threei} Some Suggesting Mitt Romney for Treasury Sec - CNBC
01[15:37] {Threei} must be a joke
[15:38] {nemo} geez...he'd be able to liquidate all his positions and not pay capital gains
[15:38] {dino} lol
[15:38] {nemo} that's what Paulsen did
[15:40] {dino} i cannot imagine obummer bringing his biggest rival into the click
[15:40] {nemo} sure...keep your friends close, keep your enemies closer...
[15:41] {Will49} or even into the clique
[15:41] {nemo} yeah, I leave dino alone on that stuff
[15:41] {nemo} Dino's the black sheep I don't pick on
[15:41] {dino} lol nemo, you know me thick skinned
[15:42] {nemo} Yeah, but for some reason I don't
[15:42] {nemo} It may be you don't stick your chin out enough
01[15:42] {Threei} if Mitt agrees to this, I'll loser whatever respect I had him
[15:42] {dino} i know. you band i are long timers here buddy
[15:43] {nemo} yeah, it's been a little while
01[15:43] {Threei} becoming a figurehead legitimizing the administration while not being able to implement any of your views
[15:43] {dino} think vads only one here longer
[15:43] {nemo} @Alert and Raven, when he shows up
[15:43] {Will49} and here the new guy has the termidity to trash one of you
[15:43] {Will49} my my
[15:44] {nemo} I'll take this one: even temerity
[15:44] {Will49} temerity
[15:44] {Will49} beat you :)
[15:44] {nemo} check again
[15:44] {dino} it's called reality trading typing
01[15:45] {Threei} where "beer" replaces "bread" and is not even considered a mistype
[15:45] {dino} and really, i would think obummer would want romney at least a click away, :)
[15:45] {Will49} termidity = being an ahole during periods of high humidity
[15:45] {dino} roflol
[15:45] {nemo} amazing how everything is basically at vwap and pivot
[15:45] {dino} i'm thanking you nemo, that vwap site has helped me a lot
[15:46] {nemo} but they look like a drop
[15:46] {nemo} it's amazing how often stocks make runs for them, and the indexes do it on a daily basis
[15:46] {nemo} Institutions are paid by making vwap for clients
[15:46] {nemo} so it's a natural draw
[15:46] {dino} ahh
01[15:47] {Threei} it started with what nemo said,
[15:47] {dino} you are much more educated in the indicators than i
01[15:47] {Threei} then added factor appeared when some trading strategies started incorporating this
[15:47] {nemo} pivot levels have been around forever
01[15:48] {Threei} yes, but VWAP is relatively recent
[15:48] {nemo} yes
01[15:48] {Threei} not sure exactly, but I'd think within last decade
[15:53] {dino} calling it a day. thx all, tougher one, ut still profittable. thx all for ideas
[15:54] {dino} ut=but
01[15:54] {Threei} Thank you all
[15:54] {Will49} have a great weekend eveyone
01[15:54] {Threei} have a great weekend
01[15:54] {Threei} see you Monday
[15:54] {scottie} See you all monday, tks
[15:54] {nemo} wow 3billion buy imbalance spy on close
[15:55] {nemo} spy going for the 50 sma. New mutual fund money monday, probably gap up
Session Time: Fri Nov 30 00:00:00 2012
[09:13] {scottie} good morning
[09:13] {cipher} gm
01[09:13] {Threei} scottie, cipher :)
01[09:14] {Threei} sacottie, had to leave yesterday just when the gem of the day was developing :(
[09:16] {dino} gm
[09:19] {scottie} saw that when I read the log :(
[09:19] {ese} gm
01[09:19] {Threei} dino, ese :)
[09:20] {ese} morning vad
[09:20] {Beau} good morning
01[09:20] {Threei} beau :)
[09:20] {Will49} gm
01[09:20] {Threei} will :)
01[09:21] {Threei} I start thinking FB may be about done...
[09:21] {ese} am not contributing to the board much these days.........busy time of the year for me along with some very serious medical issues with my mom.......
01[09:22] {Threei} not read to start shorting at will yet but looking at it ascance
[09:22] {thomcbell} i like it for a short too - with a $26.50 target level
01[09:22] {Threei} sorry to hear ese...
[09:22] {thomcbell} sorry Ese
[09:22] {ese} don't want to be making to many trading decisions when my brain isn't tatally focused
[09:22] {nemo} oy....that's tough ese...sorry
[09:23] {robbers} Sorry, Ese, been through the Mom thing, even wrote a book about it, very difficult time for all of us. Thoughts out to you.
[09:23] {ese} tks all........appreciate the thoughts
[09:23] {ese} whats the book robbers?
[09:24] {scottie} best wishes to your mom ese, lost mine a few years ago. Moms are precious
[09:24] {ese} tks scottie
[09:24] {nemo} Mine, sheesh, 11 years ago
01[09:25] {Threei} 8 here
[09:25] {robbers} About her battle with brain cancer and not a happy ending. About the witty things she said while dying. Title is "The Last Laugh: Fighting Cancer with Wit and Humor." But don't recommend it for you, it'd be too close to home.
[09:25] {dino} sorry to hear ese, gl
[09:25] {ese} the issue is cancer......stage 3
[09:26] {robbers} Stage three will hopefully be treatable.
[09:26] {Will49} my thoughts are with you ese
[09:27] {ese} hopefuly.........doing scans now to see if anything has matasticised (correct spelling?)
[09:27] {nemo} no, but who cares
[09:27] {robbers} Ese, later we'll PM, I have something that may help.
[09:27] {nemo} Dive in, grab each and every moment
[09:27] {ese} ok
[09:28] {ese} will heed that advise
[09:28] {robbers} Nemo is right, and always be sure you leave nothing unsaid.
[09:28] {robbers} Moms can never hear: "I love you" enough.
[09:29] {nemo} It's an unfortunate way, but we learn much about ourselves from these situations
[09:30] {ese} definitely
01[09:31] {Threei} Short Setup: FCX .05 break hl
01[09:31] {Threei} If holds .15
01[09:33] {Threei} trail to .11
[09:34] {dino} obummer speaks arond noon i think
[09:34] {nemo} yeah
01[09:35] {Threei} out
01[09:35] {Threei} maybe overtightening it but it can go either way 50/50 here
01[09:36] {Threei} wow FB
01[09:36] {Threei} Short Setup: FB .25 break
[09:36] {ese} l vrsn .49
[09:36] {ese} sm
01[09:37] {Threei} FB target 1:2
[09:38] {ese} dinos my inspiration on this one
[09:38] {dino} ese gj vrsn, i chickened out
[09:39] {ese} out 1/2 .69 +.20
[09:39] {ese} no brainer news basically
01[09:40] {Threei} tightening was right on FCX
01[09:40] {Threei} no go
[09:42] {cipher} ntes l .42
[09:42] {cipher} sndk l.49
01[09:45] {Threei} *(US) NOV CHICAGO PURCHASING MANAGER: 50.4 V 50.5E
[09:46] {dino} \07 red
01[09:48] {Threei} Short Setup: SLW 37 break
[09:48] {dino} vrsn hl l .40
[09:51] {cipher} sndk stop .45 -.04
01[09:51] {Threei} 1:1
[09:53] {ese} it's gonna take off at some point dino...imo
[09:53] {thomcbell} Vad - for the tea leaves we have been reading on this FB it should have been the month of the year for us
[09:54] {dino} yeah, lets hope before it hits my stop at .24
[09:54] {robbers} Out SLW, thanks.
01[09:55] {Threei} well, for that we would have to do swing trade on it
[09:55] {ese} i'm at the low of the day with just a couple of hundred
[09:55] {thomcbell} or had been more liberal with the last 25% of long positions with trailing stops
[09:55] {dino} out vrsn .74, +.34
[09:55] {ese} i'm actually thinking this thing might be good for a couple of bucks next day or 2
[09:56] {ese} well done
[09:56] {dino} ty
[09:56] {robbers} gj
[09:56] {dino} no swings with cliff sh#t talk all day all month
01[09:56] {Threei} eqzaktly
01[09:56] {Threei} why are you so optimistic on VRSN ese? looks like bad news all around
01[09:57] {Threei} and daily chart is badly broken
01[09:57] {Threei} this kind can drop a lot
[09:58] {ese} yup.......stops in at low of the day
[09:58] {dino} gco odd, beats and raises, -4
[09:59] {dino} sm l gco .90, gappy sucker
[09:59] {ese} am counting on big short cover
[10:00] {ese} news is not good for sure but a 15.00 hair cut might be a little over done
[10:00] {ese} from 50.00
01[10:01] {Threei} who is to say how much this or that news development costs?
[10:01] {ese} ouuuuuuu almost stopped out there
01[10:02] {Threei} 10/26 big gap down, notice that it never got filled
01[10:02] {Threei} instead we got another one
01[10:02] {Threei} this is not a sign of any health
[10:02] {dino} just remember, discipline trumps conviction
[10:03] {cipher} splk l.20
01[10:05] {Threei} frikin FB rinsed first short
[10:06] {cipher} out splk .49 +.29
[10:06] {dino} gj
01[10:06] {Threei} Short Setup: FB .10 break
01[10:07] {Threei} If holds .20
[10:07] {thomcbell} this splk going much lower over next few days
[10:08] {thomcbell} growth rate slowing -
[10:08] {cipher} splk reload .35
[10:08] {thomcbell} rev multiple is absurd
[10:09] {dino} bunch of fundy guys here today. whats happening to this room :)
01[10:09] {Threei} 1:1
[10:09] {scottie} not in, too fast for me
[10:10] {Will49} same
[10:10] {robbers} out FB, thanks again.
[10:10] {dino} gj
[10:11] {thomcbell} 26.50 is a serious support level short term in my opinion - humble opinion rather on FB
[10:11] {cipher} splk stop .25 -.10
01[10:11] {Threei} 1:2
01[10:12] {Threei} out in full here
[10:16] {dino} pir hl l .25
01[10:16] {Threei} Long Setup: LVS .60 break
01[10:17] {Threei} If holds .45
01[10:17] {Threei} fast...
[10:18] {cipher} splk l .28
[10:18] {ese} come on vrsn...........200 the easy
[10:19] {ese} $1 is that too much to ask
[10:19] {scottie} Vad, is lvs l .60 ?
[10:20] {ese} stop to .00 vrsn
01[10:20] {Threei} oh crap
01[10:20] {Threei} no
01[10:20] {Threei} .50 that was
[10:20] {dino} tsro, drop into gap
01[10:20] {Threei} mistype
[10:20] {scottie} damn, I'm in at .61
01[10:20] {Threei} quick dive under .50, recross while holding .45...
01[10:20] {Threei} sorry
01[10:21] {Threei} it still looks OK
[10:21] {Will49} in at .61 also
01[10:22] {Threei} but... didn't it look strange that call had such wide stop, was made that far from trigger and I added "fast" while it was there?
[10:22] {Will49} yes stop was strange
01[10:22] {Threei} it's still a valid setup here, stop under .50
[10:22] {scottie} that was that fast... that brought my question
[10:24] {ese} vrsn to .25
[10:24] {cipher} out splk .79 +.51
[10:25] {cipher} too soon damn
[10:25] {cipher} avgo l.08
[10:26] {dino} gj
[10:26] {cipher} ty
01[10:27] {Threei} trail to .54
01[10:27] {Threei} target 1:2
[10:29] {ese} ya got yer money ana ya got yer shares so ya wanna be talkin yer money manaagament stratagis here..........ya got yer vrsn stop ta now .40
[10:30] {ese} i coulda nah patentiate make $35 of yer dollars taday.......t's the mother of loads
[10:31] {nemo} I'll leave that one alone
[10:31] {ese} lol
[10:31] {dino} ditto
01[10:35] {Threei} Long Setup: FB 27 break
01[10:35] {Threei} If holds .95
[10:36] {dino} yum app lod
[10:43] {nemo} red picking up a bit
01[10:43] {Threei} Short Setup: CAT .55 break hl
01[10:44] {Threei} change to .60 break
01[10:45] {Threei} Invalidated
[10:46] {thomcbell} pdce 35.74 break if holding 35.84
[10:48] {thomcbell} looks like FB 27.01 break is valid again
[10:48] {thomcbell} and now probably have some shorts here
01[10:48] {Threei} I think so
[10:48] {thomcbell} with 27.01 stop
[10:50] {dino} pretty good drop
01[10:50] {Threei} (EU) Hearing chatter on twitter that ESM and EFSF could be downgraded soon- Chatter on twitter suggests Moodys could be looking to downgrade the funds
[10:51] {thomcbell} fb possibly two sided here 26.90 break
01[10:51] {Threei} but I thought Europe has been fixed?
[10:52] {thomcbell} hehe
01[10:52] {Threei} on second thought... consider that a double entendre
[10:53] {ese} have a great weekend all hopefully see you monday
[10:53] {scottie} ese
[10:53] {Will49} cya ese
[10:54] {Will49} means see you
[10:54] {dino} ovti hl l .78
[10:56] {cipher} sndk l .08
[11:01] {cipher} out .20 +.12
01[11:09] {Threei} (US) White House: Debt plan presented by Treasury Sec Geithner yesterday was precisely what the Presidential campaign was about- Note: Comments come in response to the GOP's rejection of the plan yesterday as 'not serious'
01[11:10] {Threei} believe it or not, but that plan included STIMULUS
[11:10] {dino} 1.7t in taxes + 50b stimulus. he just doesn't get it
01[11:11] {Threei} can it be that consiracy theorists were right, and he does? and does it deliberately, to finish off the country?
[11:11] {dino} i would rather see cliff than more spending
01[11:11] {Threei} I just can't think of any plausible explanation
01[11:12] {Threei} how can anyone in his position, seeing what deficit and debt do to the country continue doubling down on this path
[11:12] {dino} he just doesn't get it
01[11:12] {Threei} I don't understand how it's possible
[11:13] {dino} egomaniac
01[11:13] {Threei} hoi poloi might not get it
01[11:13] {Threei} but he has all information laid out before him
[11:13] {dino} as he says, "i am smarter than my advisors"
[11:14] {Will49} your mistaking him for someone that gives a s***
01[11:14] {Threei} well, come on
[11:14] {dino} roflol, but you are right will
01[11:14] {Threei} what president wants his legacy to be destruction of the country
[11:15] {Will49} very few politicians who will do "the right thing". They are focussed on "getting theirs" first
01[11:15] {Threei} that's normal for the first term
[11:15] {Will49} the "me" generation at work
01[11:15] {Threei} but second is for legacy
[11:16] {dino} well, he's a socialist, so....
01[11:16] {Threei} I had tiny sliver of hope that now without another election ahead he might get serious
01[11:17] {Threei} now, what's the difference between ignorance and apathy?
[11:17] {Will49} is it better to not know? or better to know and not care?
01[11:17] {Threei} "I don't know and don't care"
[11:18] {Will49} :)
01[11:18] {Threei} Short Setup: CAT .80 break
01[11:18] {Threei} hl
01[11:18] {Threei} If holds .90
01[11:18] {Threei} seriously, I want someone of my left-leaning friends to try and explain it to me
01[11:19] {Threei} how can it be that they want more stimulus now under the disguise of deficit-cutting plan
[11:19] {thomcbell} SPLK looks squeezable
01[11:20] {Threei} {SPLK} stop with sexual innuendos
[11:20] {dino} you must come to the dark side 3i
01[11:20] {Threei} 1:1
01[11:21] {Threei} I though I did when I put strong preferences on dark beers
[11:22] {cipher} cvlt l.72
01[11:23] {Threei} Short Setup: GLD .25 break
01[11:23] {Threei} If holds .35
01[11:30] {Threei} 1:1
[11:31] {scottie} +.18 gld tks Vad
01[11:31] {Threei} 1:2, out
01[11:31] {Threei} awww, too soon
01[11:31] {Threei} so very too soon
[11:31] {scottie} +.18 cat as well
01[11:31] {Threei} :)
[11:31] {Will49} .22
01[11:31] {Threei} CAT 1:2
[11:32] {cipher} avgo l .09
[11:32] {cipher} out .23
[11:36] {dino} gj scott, cipher
[11:36] {cipher} out cvlt .03 +.31
[11:37] {cipher} ty
[11:37] {scottie} tks dino
[11:40] {scottie} OVTI l 15 ?
01[11:41] {Threei} probably
[11:41] {scottie} in .01
[11:42] {dino} i'm in at .78
[11:42] {Will49} in .01
[11:43] {scottie} from 10:55 I see dino
[11:45] {scottie} don't tell me I'm doing one of your trades
[11:45] {scottie} that's scary
[11:46] {Will49} dino....aren't you bored with a 1 cent spread?
[11:46] {Will49} no adrenalin rush there
[11:46] {dino} yeah, bored out of my mind w/it
[11:47] {scottie} I love boring profitable trades :)
[11:48] {dino} stop to .98 on ovti
[11:49] {Will49} really loved that quick 1:3 on GLD though
[11:50] {dino} out ovti +.20
[11:51] {scottie} gj dino
[11:51] {thomcbell} this FB still very impressive how it holds
[11:52] {nemo} remember Obama speaking at 12
[11:52] {Will49} get the nose plugs ready
[11:52] {nemo} I would be flat if I were you
[11:53] {nemo} Boehner gonna' speak at 12:45
01[11:53] {Threei} pattern ;lately is dfor the market to sell off when Obama speaks
[11:54] {scottie} out ovti flat
[11:54] {Will49} me too
[11:59] {Will49} see how we follow orders? :)
01[11:59] {Threei} OK, what are our short candidates in case both speakers fail to inspire
01[12:00] {Threei} and when I say "fail to inspire" I mean "do as usual"
[12:00] {Will49} AIG?
01[12:00] {Threei} looks decent
01[12:00] {Threei} JPM
01[12:00] {Threei} 41 break
01[12:01] {Threei} Short Setup: JPM 41 break
01[12:01] {Threei} If holds .10
01[12:03] {Threei} Short Setup: AIG .10 break
[12:04] {scottie} jpm not in short list
01[12:04] {Threei} lol... "I already miss the time on the campaign"
01[12:04] {Threei} campaigner in chief
[12:12] {Will49} looks like a snoozer
[12:12] {Will49} the reaction that is
[12:13] {dino} ]sounds like he's still campaigning
01[12:13] {Threei} absolutely
01[12:15] {Threei} die AIG
01[12:15] {Threei} let's trail to .16
[12:20] {Will49} here comes boner
[12:22] {thomcbell} FB day low
01[12:23] {Threei} 1:1
01[12:24] {Threei} (US) President Obama: The long-term goal of fiscal cliff talks is to get the deficit under control, believes Democrats and Republicans can work together to solve the problem- Nothing is easy in Washington, DC, expects prolonged negotiations. - Priority is the package of middle class tax cuts. Urges House to pass senate bill that would extend middle-class tax cuts. - Some Republicans in Congress are coming around to my balanced approach.
01[12:25] {Threei} BALANCED APPROACH??
01[12:25] {Threei} more stimulus in place of spending cuts?
01[12:25] {Threei} where is my asteroid
01[12:25] {Threei} I want off this planet
01[12:26] {Threei} who's with me, claim your place now but you bring beer
[12:27] {Will49} there's ice on mercury
01[12:27] {Threei} next round of selling in 20 min when Boehner comes to the mike?
01[12:27] {Threei} hmmm... that'd be handy with that beer
01[12:27] {Threei} and we could fry bacon on sunny side
[12:28] {dino} lol
[12:47] {scottie} ABV s .40 ?
01[12:48] {Threei} yes
01[12:48] {Threei} Boehner is on
[12:48] {nemo} what did Boehner say?
[12:49] {nemo} nice shakeout
01[12:52] {Threei} "we are almost nowhere"
01[12:53] {Threei} (US) House Speaker Boehner: President Obama's proposals will hurt small businesses; reiterates the focus should be on spending; "there is a stalemate" and "right now we're almost nowhere"- Notes that Republicans want a bipartisan solution that can pass through both houses - Says that GOP original framework provided still holds, want to raise taxes through removal of loopholes }- Comments that the GOP is willing to work with the President; finding common ground is better soon rather than later.
[12:57] {scottie} ABV two sided ?
01[12:57] {Threei} I wouldn't take long on it
01[12:57] {Threei} doesn't look right
[12:57] {scottie} ok
[12:59] {scottie} ERJ l. 25 ?
01[13:00] {Threei} aggressive entry
01[13:00] {Threei} .95 break
[13:02] {scottie} in .96
[13:03] {scottie} stop .87
[13:03] {Will49} with you
[13:03] {Will49} if that makes you feel any better
[13:03] {scottie} let's get them
[13:04] {scottie} I mean THEM
[13:04] {Will49} charge!
01[13:04] {Threei} Short Setup: GLD 166 break
[13:04] {nemo} groundhog day
01[13:04] {Threei} If holds .10
01[13:04] {Threei} THEM be gotten
01[13:04] {Threei} hmmm... was it english?
[13:04] {Will49} them that has will get
[13:07] {scottie} out ERJ
01[13:08] {Threei} that was weird
[13:08] {Will49} still in
[13:10] {scottie} Especially designed to shake me out :)
01[13:11] {Threei} Explosion rocks the Social Security Administration building in Casa Grande, Arizona; no injuries reported
01[13:11] {Threei} hmmm
01[13:12] {Threei} 1:1 GLD
01[13:16] {Threei} Obama: not acceptable for 'handful of republicans' to hold middle-class tax cuts hostage to preserve tax cuts for wealthy
01[13:16] {Threei} what a gross misrepresentation of opponent's position
[13:16] {Will49} out .87
[13:16] {thomcbell} does that ever matter?
01[13:17] {Threei} 1:2, out
[13:19] {dino} ssys drop
[13:20] {scottie} +.19 gld tks Vad
[13:20] {thomcbell} Sissyphus
[13:20] {dino} gco hl l .75
01[13:20] {Threei} yw
01[13:21] {Threei} tbell... what?? :)
01[13:21] {Threei} lol
[13:21] {thomcbell} ssys
[13:21] {dino} jwn hl l .00
01[13:24] {Threei} wow GLD
01[13:24] {Threei} can we have a mulligan?
[13:24] {scottie} lol
[13:24] {scottie} will, looks like ERJ managed to shake us both out
[13:25] {Will49} yeah, and because i can only do one trade at a ime, i missed gld
[13:25] {Will49} time
[13:25] {Will49} gotta upgrade laser
[13:25] {Will49} too cheap to buy the pro version
[13:26] {scottie} the worst of both situation :(
[13:26] {Will49} figured id i can't break even doing one trade at a time, would likely die trying to do two
[13:27] {Will49} if
[13:28] {Will49} but...there is gradual improvement...very gradual
[13:31] {thomcbell} splk trying again here
[13:32] {thomcbell} so much for fundies
[13:32] {nemo} is that short for fudged undies?
[13:33] {thomcbell} clearly someone has some of those
[13:34] {thomcbell} look at bid on FB
[13:34] {thomcbell} at 27.27
[13:34] {thomcbell} hehe
[13:37] {thomcbell} short setup fb 27.27 break if holding 27.38
01[13:37] {Threei} sheesh... trading lesson, for when you have 3 min free: http://goo.gl/JMhEi
[13:40] {dino} out gco +.25
[13:42] {thomcbell} fcx looks decent too
[13:42] {thomcbell} short
03[13:49] * Retrieving #discussions modes...
[13:55] {thomcbell} FB invalidated
[13:55] {thomcbell} looks like it might make a run long
[14:04] {dino} gco hl l .33
[14:18] {dino} jwn to .20
01[14:18] {Threei} (US) House Minority Leader Pelosi (D-CA): President is prepared to sign the middle class tax cut; if no vote occurs, Democrats will file a 'discharge petition'- Highlights overwhelming support for allowing upper rates to expire - Hopeful talks are not at a stalemate (Note: Earlier Boehner described talks at a stalemate); notes that there was nothing new McConnell's entitlement ideas (McConnell suggested means testing and increase in age eligibility requirements for entitlement programs). - Note: A 'discharge petition' would bring the bill to the floor without cooperation of the leadership (Note: Earlier Hoyer requested the House vote on the Presidents bill to extend tax rates for earnings under $250K, a request which was rebuffed by House Republican leadership)
[14:21] {dino} jwn to .24
[14:23] {dino} to .28
[14:24] {scottie} RHI s 28 ?
01[14:25] {Threei} probably but we need market to reverse for that
[14:25] {scottie} I see
[14:25] {dino} to .32
[14:26] {dino} markets want up
[14:26] {dino} out jwn .32, +.32
[14:26] {scottie} great dino
[14:26] {dino} thx scott
[14:31] {scottie} in .99 stop .08
[14:35] {dino} pbm drop, gap around 5.90
[14:42] {scottie} stop .05
[15:03] {scottie} out
[15:03] {scottie} 1 cent from 1:1
[15:04] {dino} thing doesn't move much
[15:11] {dino} yum hl l .01
[15:16] {dino} mygn drop
01[15:17] {Threei} trying to get a feel for the last play
01[15:18] {Threei} fairly decent day as it is, but I am greedy sob
[15:19] {cipher} +.72 mygn thx dino
01[15:19] {Threei} wtg
[15:19] {dino} gj
[15:19] {dino} .28 hl l mygn
[15:20] {cipher} got out too soon
[15:20] {cipher} is it halted?
[15:20] {dino} out mygn 29.34, +1.06
[15:21] {cipher} stopped trading
[15:21] {dino} i'm out 15:20:01
[15:21] {cipher} I'm out too
[15:21] {dino} was in 15:19:10
[15:22] {cipher} they halted it right after it came back up
01[15:22] {Threei} yes
01[15:22] {Threei} circuit breaker
[15:22] {dino} supreme court accepts appeal
[15:22] {dino} mygn
01[15:23] {Threei} -Myriad Genetics Inc Generic drug makers said to be granted Supreme Court review in Myriad gene patent case - financial press **NOTE: on March 26, Supreme Court of the United States remanded the case of The Association for Molecular Pathology, et al., v. Myriad Genetics, Inc., et al (Docket No. 11-725) to the Federal Circuit Court of Appeals, to reconsider their decision dated July 29, 2011, which upheld Myriad's gene patents. -
[15:24] {dino} glad we got out cipher
[15:24] {cipher} yep
[15:25] {dino} i'll see if i can find us one more before close
[15:25] {dino} mygn open, dropping
[15:27] {dino} yum stop -.11
01[15:32] {Threei} Short Setup: MSFT .50 break
01[15:32] {Threei} If holds .60
01[15:37] {Threei} Some Suggesting Mitt Romney for Treasury Sec - CNBC
01[15:37] {Threei} must be a joke
[15:38] {nemo} geez...he'd be able to liquidate all his positions and not pay capital gains
[15:38] {dino} lol
[15:38] {nemo} that's what Paulsen did
[15:40] {dino} i cannot imagine obummer bringing his biggest rival into the click
[15:40] {nemo} sure...keep your friends close, keep your enemies closer...
[15:41] {Will49} or even into the clique
[15:41] {nemo} yeah, I leave dino alone on that stuff
[15:41] {nemo} Dino's the black sheep I don't pick on
[15:41] {dino} lol nemo, you know me thick skinned
[15:42] {nemo} Yeah, but for some reason I don't
[15:42] {nemo} It may be you don't stick your chin out enough
01[15:42] {Threei} if Mitt agrees to this, I'll loser whatever respect I had him
[15:42] {dino} i know. you band i are long timers here buddy
[15:43] {nemo} yeah, it's been a little while
01[15:43] {Threei} becoming a figurehead legitimizing the administration while not being able to implement any of your views
[15:43] {dino} think vads only one here longer
[15:43] {nemo} @Alert and Raven, when he shows up
[15:43] {Will49} and here the new guy has the termidity to trash one of you
[15:43] {Will49} my my
[15:44] {nemo} I'll take this one: even temerity
[15:44] {Will49} temerity
[15:44] {Will49} beat you :)
[15:44] {nemo} check again
[15:44] {dino} it's called reality trading typing
01[15:45] {Threei} where "beer" replaces "bread" and is not even considered a mistype
[15:45] {dino} and really, i would think obummer would want romney at least a click away, :)
[15:45] {Will49} termidity = being an ahole during periods of high humidity
[15:45] {dino} roflol
[15:45] {nemo} amazing how everything is basically at vwap and pivot
[15:45] {dino} i'm thanking you nemo, that vwap site has helped me a lot
[15:46] {nemo} but they look like a drop
[15:46] {nemo} it's amazing how often stocks make runs for them, and the indexes do it on a daily basis
[15:46] {nemo} Institutions are paid by making vwap for clients
[15:46] {nemo} so it's a natural draw
[15:46] {dino} ahh
01[15:47] {Threei} it started with what nemo said,
[15:47] {dino} you are much more educated in the indicators than i
01[15:47] {Threei} then added factor appeared when some trading strategies started incorporating this
[15:47] {nemo} pivot levels have been around forever
01[15:48] {Threei} yes, but VWAP is relatively recent
[15:48] {nemo} yes
01[15:48] {Threei} not sure exactly, but I'd think within last decade
[15:53] {dino} calling it a day. thx all, tougher one, ut still profittable. thx all for ideas
[15:54] {dino} ut=but
01[15:54] {Threei} Thank you all
[15:54] {Will49} have a great weekend eveyone
01[15:54] {Threei} have a great weekend
01[15:54] {Threei} see you Monday
[15:54] {scottie} See you all monday, tks
[15:54] {nemo} wow 3billion buy imbalance spy on close
[15:55] {nemo} spy going for the 50 sma. New mutual fund money monday, probably gap up
Thursday, November 29, 2012
Nov 29 2012
On top of decent day, Catch of the Day - classic JBE, with nice juicy target:
Session Time: Thu Nov 29 00:00:00 2012
[08:59] {dino} gm
01[09:02] {Threei} morning dino
[09:06] {thomcbell} rimm - hehe
01[09:08] {Threei} on upgrade? lol
01[09:11] {Threei} who understands why Romney comes to WH today, enlighten me please
01[09:11] {Threei} it's not like O will suddenly change his entire life position and embrace romney's advice
01[09:13] {Threei} nothing but humiliation and becoming potential target for blame if some bits will be taken and won't work in general framework of different ideology
[09:13] {scottie} good morning
01[09:14] {Threei} scottie :)
[09:18] {nemo} this is just a kumbaya meeting like the cop that black racism industry professor and Obama
01[09:18] {Threei} for obama, yes... but why does romney need that?
[09:19] {dino} he doesn't and shouldn't
01[09:19] {Threei} that's what I think too... but here we go
[09:19] {Will49} Good Morning
[09:19] {Will49} :)
01[09:19] {Threei} will :)
[09:21] {nemo} na, has to go, they'll paint him as the vindictive, sore loser republican
[09:21] {robbers} So RIMM gets an update, who gets the next one, Congress???
01[09:21] {Threei} rofl
[09:21] {robbers} upgrade.
[09:21] {Beau} good morning
01[09:21] {Threei} I disagree nemo... this is not a tradition of past that he would break
01[09:22] {Threei} beau :)
01[09:22] {Threei} and he' d have clear argument: too different ideology
01[09:22] {Threei} his side made suggestions for 4 years before, thney were never accepted - why would they today?
01[09:23] {Threei} we still habe Bre-X to upgrade before Congress, robbers
[09:24] {nemo} so, the indexes went up and got their 50 SMAs
[09:24] {dino} bre-x, i remember guy bgetting thrown out of copter
[09:25] {nemo} seller .00 KSS
[09:26] {dino} aap drop
01[09:31] {Threei} Long Setup: FB .50 break
01[09:31] {Threei} If holds .40
01[09:31] {Threei} target 1:2
[09:31] {dino} pir hl l .00 break
01[09:32] {Threei} 1:1
01[09:33] {Threei} scalpers win
01[09:35] {Threei} Short Setup: FCX .35 break
01[09:37] {Threei} Invalidated
[09:37] {nemo} 142.55 spy 50 SMA
01[09:37] {Threei} Long Setup: CAT 86 break
01[09:37] {Threei} hl
01[09:38] {Threei} If holds .90
01[09:39] {Threei} no go
01[09:40] {Threei} Long Setup: FB .30 break
01[09:41] {Threei} If holds .20
[09:41] {thomcbell} 26.20 is pivot
[09:41] {cipher} pir l.60
[09:42] {thomcbell} 25.90 is 3 day trailing pivot and uptrend line from $19
01[09:42] {Threei} Long Setup: RIG .70 break hl
01[09:42] {Threei} trail FB to .24
[09:43] {dino} pir hl l .60
[09:43] {cipher} 1/2 out .75
[09:44] {cipher} out in full .80 +.20
[09:44] {dino} gj
[09:44] {cipher} thx for heads up on it
[09:47] {dino} pir to .84
[09:49] {dino} np cipher
01[09:49] {Threei} Short Setup: LVS .80 break
01[09:49] {Threei} If holds .90
[09:49] {dino} to .89
[09:51] {dino} out pir .97, +.37
01[09:52] {Threei} 1:1
[09:52] {cipher} wtg dino
01[09:52] {Threei} 1:2, out
[09:52] {cipher} lvs +.10 thx
[09:52] {thomcbell} fio looks like a short setup - but it is such a ctazy wopn
01[09:52] {Threei} frikin FB rinsed
[09:53] {scottie} +.18, right direction
01[09:53] {Threei} right direction but how stragely did it behave
01[09:53] {Threei} strangely
01[09:54] {Threei} let me repeat: frikin FB
[09:55] {Will49} LVS 1:2 tks Vad
[09:55] {thomcbell} FIO nice little one there
01[09:55] {Threei} yw
[10:00] {dino} rue partial fill .70
[10:00] {dino} l
01[10:00] {Threei} (US) OCT PENDING HOME SALES M/M: 5.2% V 1.0%E; Y/Y: 18.0% V 8.9%E
[10:04] {scottie} TJX .20 if holds .10 ?
01[10:04] {Threei} I'd prefer aggressive
[10:05] {scottie} right here if holds 44 ?
01[10:05] {Threei} vl.oser to .05 I think
01[10:05] {Threei} no
01[10:05] {Threei} SPY is too unstable here
[10:05] {scottie} ok
01[10:05] {Threei} closer to 44, for have better stop
[10:07] {thomcbell} fcx nasty
01[10:08] {Threei} Long Setup: LVS .70 break hl
[10:09] {nemo} wow...dramamine please
01[10:09] {Threei} TJX never even formed setup, but watch it closer now
[10:09] {dino} air pockets eberywhere
01[10:09] {Threei} change LVS to .65 break
[10:10] {scottie} thought it was going up, bought .07 sold .00
[10:13] {dino} rue to .19
[10:14] {dino} out rue .24, +.54
01[10:14] {Threei} nice one
[10:14] {dino} ty
[10:14] {dino} cbrl hl l .60, wide, thing gaos all over
[10:15] {dino} goes
01[10:15] {Threei} look at this a few min ago:
01[10:15] {Threei} (US) US Rep Van Holllen (D-MD) Ranking Democratic member of Budget committee: Not close to a fiscal cliff deal**Note: Van Hollen was also a member of the Congressional "Supercommittee" during 2011's debt ceiling negotiations
01[10:16] {Threei} get it? this game of competing and contradicting headlines is on
[10:16] {dino} trade the noise
01[10:16] {Threei} and will continue till Christmas
01[10:16] {Threei} good luck swing traders
[10:19] {dino} cbrl stopped wtf
01[10:20] {Threei} out LVS .75
01[10:20] {Threei} probably has more in it
01[10:21] {Threei} but I don't feel like sticking around for too long
[10:23] {nemo} better put on your chin protector
[10:25] {scottie} HAL l 33 ?
01[10:26] {Threei} I think so
[10:27] {scottie} in .01
01[10:30] {Threei} 2 US-based Internet-monitoring companies say Syria has shut off Internet nationwide
[10:31] {scottie} out .89
[10:32] {thomcbell} fFB
[10:32] {thomcbell} FB
[10:32] {thomcbell} failed at gap again
01[10:34] {Threei} Short Setup: CAT .80 break hl
01[10:34] {Threei} If holds .90
01[10:34] {Threei} target .60
[10:35] {dino} pir hl l .10
01[10:37] {Threei} 1:1
[10:43] {dino} rue hl l .60
01[10:52] {Threei} (US) Senator Conrad (D-ND) Budget Committee Chair: Meetings with CEO on the fiscal cliff issue were 'constructive'- There are a number of big sticking points in the discussions - Sticking points include top tax rate and spending on health care
[10:52] {Will49} no kidding
01[10:53] {Threei} http://goo.gl/Hbocw
[10:57] {scottie} NCR l .25 if holds .15 ?
[10:57] {nemo} buy support sell resistance day
01[10:57] {Threei} not delighted scottie
[10:57] {scottie} tks
01[10:57] {Threei} nemo looks to be right
[10:59] {scottie} looks like it's difficult for you to admit that, lol
[11:00] {cipher} sfly l.30
01[11:00] {Threei} difficult? downright painful!
01[11:01] {Threei} lol: http://goo.gl/MElv7
[11:01] {dino} out rue .84, +.24
[11:03] {cipher} meli l .00
[11:04] {nemo} kss
01[11:13] {Threei} watching RIMM for long from under .90
[11:13] {dino} cbrl hl l .30
01[11:14] {Threei} Long Setup: RIMM .90 break
01[11:14] {Threei} If holds .85
[11:15] {dino} pir to .47
01[11:17] {Threei} meh
[11:18] {dino} out pir .49, +.38
01[11:18] {Threei} took a lot of patience
[11:19] {dino} yeah, seems to be that way lately
[11:19] {cipher} meli stop -.25
[11:21] {cipher} lqdt l .86
[11:23] {cipher} out .70 -.16
01[11:29] {Threei} Long Setup: RIG .15 break
01[11:29] {Threei} hl
01[11:29] {Threei} If holds .05
01[11:31] {Threei} time to switch to DKTD setup, judging from this sharp red bar
[11:31] {Will49} ?
[11:31] {dino} out cbrl .99, +.69
06[11:32] * nemo whacks Will with yesterday's log
01[11:32] {Threei} http://goo.gl/eKofA
[11:32] {Beau} beautiful dino
[11:32] {Will49} no short term memory
[11:32] {dino} ty, lucky
[11:33] {nemo} what methodical buying in kss
[11:33] {thomcbell} FB 26.48 break if hlding 26.43 Vad?
01[11:33] {Threei} formally yes, but 5 cents is too tight for such volatile stock
[11:39] {thomcbell} FB 1:1- kind of
01[11:39] {Threei} good one
01[11:40] {Threei} wow
[11:41] {nemo} boehner's talking
[11:41] {dino} mkt drop
01[11:41] {Threei} (US) House Speaker Boehner (R-OH): Republicans are comfortable going over the fiscal cliff
[11:41] {nemo} the frickin' headline risk in this market is unbelievable
[11:41] {Will49} guess i was kidding myself :(
[11:42] {robbers} It's the talking point du jour syndrome.
[11:44] {dino} its b.s. all of them put us in this spot aug 2011
01[11:44] {Threei} (US) House Speaker Boehner (R-OH): Democrats are comfortable going over the fiscal cliff, President Obama's actions have not matched his words, Democrats are not serious about spending cuts
01[11:44] {Threei} - No substantive progress has been made in talks
[11:45] {nemo} well, spy filled gap, wonder how much of yesterday we retrace
[11:47] {dino} rue hl l .42
[11:55] {Will49} I just regained consiousness...what happened?
[11:55] {Will49} kidding
[11:55] {nemo} politician opened his mouth
[11:55] {Will49} this is no country for old men
01[11:59] {Threei} Long Setup: FCX .05 break
01[12:00] {Threei} If holds .95
[12:12] {thomcbell} FB trying yete again
01[12:12] {Threei} 1:1
[12:21] {nemo} kss in bounce territory
[12:23] {nemo} boom!
[12:25] {nemo} I'm outta' dramamine
01[12:31] {Threei} lol
01[12:31] {Threei} FB, (*#$&(
01[12:36] {Threei} FCX 1:2, out
01[12:36] {Threei} took a while but heck
[12:36] {Will49} good one Vad
[12:36] {Will49} just took a scalp..I'm spooked now :)
01[12:37] {Threei} the day is not too bad overall, just not smooth
01[12:37] {Threei} we need out spy in Congress, to give us signals what the next talking head is going to say
[12:38] {Will49} one of those effin blabber-mouths might decide to move the markets again
[12:38] {Will49} eggsactlee
01[12:38] {Threei} "we re close to a deal" - buy all you can and dump in 1 min after he opens his mouth
01[12:38] {Threei} "we are not close to a deal" - short the flipping hell out of the marker
01[12:40] {Threei} 42% Give Obama Positive Marks on the Economy
01[12:40] {Threei} yes, he sure did a lot of good
[12:40] {Will49} I'd like to give him a mark somewhere
[12:40] {nemo} well, that killed any momentum in KSS
01[12:42] {Threei} on the other hand, 57% Have A Favorable Opinion of Hostess Twinkies
01[12:42] {Threei} sigh
01[12:42] {Threei} I feel like total misfit
01[12:43] {Threei} can I have my own planet? Even asteroid will do.
01[12:43] {Threei} little rock in space
[12:43] {nemo} for you risk takers, KSS coming in to morning lows
[12:47] {dino} out rue .66, +.24
[12:52] {dino} taking a break
01[12:53] {Threei} US Senator Majority Leader Reid (D-NV): Waiting for serious proposals from Republicans (update)- Reiterates want to finalize deal this year and not kick the can down the road US Senator Schumer: There has been progress in the fiscal cliff talks
01[12:54] {Threei} NASA says Dec 21 won't be Doomsday
01[12:54] {Threei} wtf
01[12:54] {Threei} nemo, you promised
[12:57] {Will49} and here I've been depleting my trading account based on not needing it anymore
01[12:57] {Threei} trading? I spent saving, checking and maxed out credit cards
[12:57] {Will49} :)
01[12:58] {Threei} and mortgaged out home twice
[12:58] {Will49} you're one creative Russian
01[12:59] {Threei} gullible too - nemo promised to cover my expenses if world doesn't end, but now I can't get him answer my pnic dcc
[13:00] {thomcbell} FB 27.01 break if holding 23.90
[13:01] {thomcbell} will definitely play it by the book
[13:02] {thomcbell} amazing - up 40% since the stock became available (the big one)
01[13:09] {Threei} the power of short squeeze
01[13:09] {Threei} remember the day I said this was going to happen?
01[13:10] {Threei} when all the forums screamed bloody murder
01[13:10] {Threei} "short into huge lockup expiration"
[13:13] {thomcbell} invalidated
[13:14] {thomcbell} can make the case for a 26.85 short break on it here too
01[13:23] {Threei} (US) White House Press Sec Carney: Progress has been made on fiscal cliff talks; Republicans recognize the need for more revenue, optimistic about reaching a budget deal- Not there yet over the dispute regarding top tax rates
01[13:24] {Threei} so, who believes there will be any meaningful cut in spending?
01[13:25] {Threei} deafening silnece
01[13:25] {Threei} Long Setup: FB 27 break
01[13:31] {Threei} Bacon-scented shaving cream hits the market
01[13:33] {Threei} nemo's genetic experiments gotta stop: http://goo.gl/TIgdb
[13:34] {nemo} wow
01[13:37] {Threei} target 1:4
01[13:39] {Threei} 1:1
[13:48] {nemo} this day feels like it's gonna' breakout
[13:48] {scottie} gotta go, see you all tomorrow
[13:48] {Will49} cya scottie
[13:48] {scottie} will
01[13:49] {Threei} take care scottie
01[13:52] {Threei} 1:2
[13:53] {dino} what'd i miss?
01[13:53] {Threei} FB call
01[13:53] {Threei} genius one
[13:53] {dino} gj
01[13:53] {Threei} if I may say so myself
01[13:54] {Threei} and if I may not, I will anyway
[13:55] {robbers} Yeah, nice call, Vad.
[13:56] {Will49} i second that emotion
01[13:56] {Threei} ty
01[13:59] {Threei} 1:3
01[14:03] {Threei} 1:4 target hit, over and out
[14:03] {dino} sweet
[14:03] {Will49} tks Vad...
06[14:03] * Threei takes a bow
01[14:18] {Threei} http://goo.gl/N0qYv
[14:34] {dino} pir hl l .59
[14:35] {dino} wll spike
[14:36] {dino} and drop
[14:49] {nemo} water torture market
[14:50] {dino} afternoons are dead
01[14:50] {Threei} they become very stock specific
[14:50] {nemo} tna set up at 2:12 but it snuck by...sheesh
01[14:50] {Threei} no point in trying to trade market move
[15:14] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[15:15] {dino} pir to flat thing won't move
[15:15] {dino} cbrl rolling over again
[15:23] {dino} stop pir flat
01[15:33] {Threei} Short Setup: FCX .20 break
01[15:33] {Threei} If holds .25
[15:33] {nemo} wow, shorting a dull market
[15:35] {thomcbell} just got bck - FB had a jeck of a move
01[15:40] {Threei} meh
01[15:52] {Threei} Ok guys, very decent day
01[15:52] {Threei} thank you all
[15:52] {Will49} See you guys tomorrow
01[15:52] {Threei} have a great evening
01[15:52] {Threei} see you tomorrow
[15:54] {dino} calling it a day too, thx all, decent morning
Session Time: Thu Nov 29 00:00:00 2012
[08:59] {dino} gm
01[09:02] {Threei} morning dino
[09:06] {thomcbell} rimm - hehe
01[09:08] {Threei} on upgrade? lol
01[09:11] {Threei} who understands why Romney comes to WH today, enlighten me please
01[09:11] {Threei} it's not like O will suddenly change his entire life position and embrace romney's advice
01[09:13] {Threei} nothing but humiliation and becoming potential target for blame if some bits will be taken and won't work in general framework of different ideology
[09:13] {scottie} good morning
01[09:14] {Threei} scottie :)
[09:18] {nemo} this is just a kumbaya meeting like the cop that black racism industry professor and Obama
01[09:18] {Threei} for obama, yes... but why does romney need that?
[09:19] {dino} he doesn't and shouldn't
01[09:19] {Threei} that's what I think too... but here we go
[09:19] {Will49} Good Morning
[09:19] {Will49} :)
01[09:19] {Threei} will :)
[09:21] {nemo} na, has to go, they'll paint him as the vindictive, sore loser republican
[09:21] {robbers} So RIMM gets an update, who gets the next one, Congress???
01[09:21] {Threei} rofl
[09:21] {robbers} upgrade.
[09:21] {Beau} good morning
01[09:21] {Threei} I disagree nemo... this is not a tradition of past that he would break
01[09:22] {Threei} beau :)
01[09:22] {Threei} and he' d have clear argument: too different ideology
01[09:22] {Threei} his side made suggestions for 4 years before, thney were never accepted - why would they today?
01[09:23] {Threei} we still habe Bre-X to upgrade before Congress, robbers
[09:24] {nemo} so, the indexes went up and got their 50 SMAs
[09:24] {dino} bre-x, i remember guy bgetting thrown out of copter
[09:25] {nemo} seller .00 KSS
[09:26] {dino} aap drop
01[09:31] {Threei} Long Setup: FB .50 break
01[09:31] {Threei} If holds .40
01[09:31] {Threei} target 1:2
[09:31] {dino} pir hl l .00 break
01[09:32] {Threei} 1:1
01[09:33] {Threei} scalpers win
01[09:35] {Threei} Short Setup: FCX .35 break
01[09:37] {Threei} Invalidated
[09:37] {nemo} 142.55 spy 50 SMA
01[09:37] {Threei} Long Setup: CAT 86 break
01[09:37] {Threei} hl
01[09:38] {Threei} If holds .90
01[09:39] {Threei} no go
01[09:40] {Threei} Long Setup: FB .30 break
01[09:41] {Threei} If holds .20
[09:41] {thomcbell} 26.20 is pivot
[09:41] {cipher} pir l.60
[09:42] {thomcbell} 25.90 is 3 day trailing pivot and uptrend line from $19
01[09:42] {Threei} Long Setup: RIG .70 break hl
01[09:42] {Threei} trail FB to .24
[09:43] {dino} pir hl l .60
[09:43] {cipher} 1/2 out .75
[09:44] {cipher} out in full .80 +.20
[09:44] {dino} gj
[09:44] {cipher} thx for heads up on it
[09:47] {dino} pir to .84
[09:49] {dino} np cipher
01[09:49] {Threei} Short Setup: LVS .80 break
01[09:49] {Threei} If holds .90
[09:49] {dino} to .89
[09:51] {dino} out pir .97, +.37
01[09:52] {Threei} 1:1
[09:52] {cipher} wtg dino
01[09:52] {Threei} 1:2, out
[09:52] {cipher} lvs +.10 thx
[09:52] {thomcbell} fio looks like a short setup - but it is such a ctazy wopn
01[09:52] {Threei} frikin FB rinsed
[09:53] {scottie} +.18, right direction
01[09:53] {Threei} right direction but how stragely did it behave
01[09:53] {Threei} strangely
01[09:54] {Threei} let me repeat: frikin FB
[09:55] {Will49} LVS 1:2 tks Vad
[09:55] {thomcbell} FIO nice little one there
01[09:55] {Threei} yw
[10:00] {dino} rue partial fill .70
[10:00] {dino} l
01[10:00] {Threei} (US) OCT PENDING HOME SALES M/M: 5.2% V 1.0%E; Y/Y: 18.0% V 8.9%E
[10:04] {scottie} TJX .20 if holds .10 ?
01[10:04] {Threei} I'd prefer aggressive
[10:05] {scottie} right here if holds 44 ?
01[10:05] {Threei} vl.oser to .05 I think
01[10:05] {Threei} no
01[10:05] {Threei} SPY is too unstable here
[10:05] {scottie} ok
01[10:05] {Threei} closer to 44, for have better stop
[10:07] {thomcbell} fcx nasty
01[10:08] {Threei} Long Setup: LVS .70 break hl
[10:09] {nemo} wow...dramamine please
01[10:09] {Threei} TJX never even formed setup, but watch it closer now
[10:09] {dino} air pockets eberywhere
01[10:09] {Threei} change LVS to .65 break
[10:10] {scottie} thought it was going up, bought .07 sold .00
[10:13] {dino} rue to .19
[10:14] {dino} out rue .24, +.54
01[10:14] {Threei} nice one
[10:14] {dino} ty
[10:14] {dino} cbrl hl l .60, wide, thing gaos all over
[10:15] {dino} goes
01[10:15] {Threei} look at this a few min ago:
01[10:15] {Threei} (US) US Rep Van Holllen (D-MD) Ranking Democratic member of Budget committee: Not close to a fiscal cliff deal**Note: Van Hollen was also a member of the Congressional "Supercommittee" during 2011's debt ceiling negotiations
01[10:16] {Threei} get it? this game of competing and contradicting headlines is on
[10:16] {dino} trade the noise
01[10:16] {Threei} and will continue till Christmas
01[10:16] {Threei} good luck swing traders
[10:19] {dino} cbrl stopped wtf
01[10:20] {Threei} out LVS .75
01[10:20] {Threei} probably has more in it
01[10:21] {Threei} but I don't feel like sticking around for too long
[10:23] {nemo} better put on your chin protector
[10:25] {scottie} HAL l 33 ?
01[10:26] {Threei} I think so
[10:27] {scottie} in .01
01[10:30] {Threei} 2 US-based Internet-monitoring companies say Syria has shut off Internet nationwide
[10:31] {scottie} out .89
[10:32] {thomcbell} fFB
[10:32] {thomcbell} FB
[10:32] {thomcbell} failed at gap again
01[10:34] {Threei} Short Setup: CAT .80 break hl
01[10:34] {Threei} If holds .90
01[10:34] {Threei} target .60
[10:35] {dino} pir hl l .10
01[10:37] {Threei} 1:1
[10:43] {dino} rue hl l .60
01[10:52] {Threei} (US) Senator Conrad (D-ND) Budget Committee Chair: Meetings with CEO on the fiscal cliff issue were 'constructive'- There are a number of big sticking points in the discussions - Sticking points include top tax rate and spending on health care
[10:52] {Will49} no kidding
01[10:53] {Threei} http://goo.gl/Hbocw
[10:57] {scottie} NCR l .25 if holds .15 ?
[10:57] {nemo} buy support sell resistance day
01[10:57] {Threei} not delighted scottie
[10:57] {scottie} tks
01[10:57] {Threei} nemo looks to be right
[10:59] {scottie} looks like it's difficult for you to admit that, lol
[11:00] {cipher} sfly l.30
01[11:00] {Threei} difficult? downright painful!
01[11:01] {Threei} lol: http://goo.gl/MElv7
[11:01] {dino} out rue .84, +.24
[11:03] {cipher} meli l .00
[11:04] {nemo} kss
01[11:13] {Threei} watching RIMM for long from under .90
[11:13] {dino} cbrl hl l .30
01[11:14] {Threei} Long Setup: RIMM .90 break
01[11:14] {Threei} If holds .85
[11:15] {dino} pir to .47
01[11:17] {Threei} meh
[11:18] {dino} out pir .49, +.38
01[11:18] {Threei} took a lot of patience
[11:19] {dino} yeah, seems to be that way lately
[11:19] {cipher} meli stop -.25
[11:21] {cipher} lqdt l .86
[11:23] {cipher} out .70 -.16
01[11:29] {Threei} Long Setup: RIG .15 break
01[11:29] {Threei} hl
01[11:29] {Threei} If holds .05
01[11:31] {Threei} time to switch to DKTD setup, judging from this sharp red bar
[11:31] {Will49} ?
[11:31] {dino} out cbrl .99, +.69
06[11:32] * nemo whacks Will with yesterday's log
01[11:32] {Threei} http://goo.gl/eKofA
[11:32] {Beau} beautiful dino
[11:32] {Will49} no short term memory
[11:32] {dino} ty, lucky
[11:33] {nemo} what methodical buying in kss
[11:33] {thomcbell} FB 26.48 break if hlding 26.43 Vad?
01[11:33] {Threei} formally yes, but 5 cents is too tight for such volatile stock
[11:39] {thomcbell} FB 1:1- kind of
01[11:39] {Threei} good one
01[11:40] {Threei} wow
[11:41] {nemo} boehner's talking
[11:41] {dino} mkt drop
01[11:41] {Threei} (US) House Speaker Boehner (R-OH): Republicans are comfortable going over the fiscal cliff
[11:41] {nemo} the frickin' headline risk in this market is unbelievable
[11:41] {Will49} guess i was kidding myself :(
[11:42] {robbers} It's the talking point du jour syndrome.
[11:44] {dino} its b.s. all of them put us in this spot aug 2011
01[11:44] {Threei} (US) House Speaker Boehner (R-OH): Democrats are comfortable going over the fiscal cliff, President Obama's actions have not matched his words, Democrats are not serious about spending cuts
01[11:44] {Threei} - No substantive progress has been made in talks
[11:45] {nemo} well, spy filled gap, wonder how much of yesterday we retrace
[11:47] {dino} rue hl l .42
[11:55] {Will49} I just regained consiousness...what happened?
[11:55] {Will49} kidding
[11:55] {nemo} politician opened his mouth
[11:55] {Will49} this is no country for old men
01[11:59] {Threei} Long Setup: FCX .05 break
01[12:00] {Threei} If holds .95
[12:12] {thomcbell} FB trying yete again
01[12:12] {Threei} 1:1
[12:21] {nemo} kss in bounce territory
[12:23] {nemo} boom!
[12:25] {nemo} I'm outta' dramamine
01[12:31] {Threei} lol
01[12:31] {Threei} FB, (*#$&(
01[12:36] {Threei} FCX 1:2, out
01[12:36] {Threei} took a while but heck
[12:36] {Will49} good one Vad
[12:36] {Will49} just took a scalp..I'm spooked now :)
01[12:37] {Threei} the day is not too bad overall, just not smooth
01[12:37] {Threei} we need out spy in Congress, to give us signals what the next talking head is going to say
[12:38] {Will49} one of those effin blabber-mouths might decide to move the markets again
[12:38] {Will49} eggsactlee
01[12:38] {Threei} "we re close to a deal" - buy all you can and dump in 1 min after he opens his mouth
01[12:38] {Threei} "we are not close to a deal" - short the flipping hell out of the marker
01[12:40] {Threei} 42% Give Obama Positive Marks on the Economy
01[12:40] {Threei} yes, he sure did a lot of good
[12:40] {Will49} I'd like to give him a mark somewhere
[12:40] {nemo} well, that killed any momentum in KSS
01[12:42] {Threei} on the other hand, 57% Have A Favorable Opinion of Hostess Twinkies
01[12:42] {Threei} sigh
01[12:42] {Threei} I feel like total misfit
01[12:43] {Threei} can I have my own planet? Even asteroid will do.
01[12:43] {Threei} little rock in space
[12:43] {nemo} for you risk takers, KSS coming in to morning lows
[12:47] {dino} out rue .66, +.24
[12:52] {dino} taking a break
01[12:53] {Threei} US Senator Majority Leader Reid (D-NV): Waiting for serious proposals from Republicans (update)- Reiterates want to finalize deal this year and not kick the can down the road US Senator Schumer: There has been progress in the fiscal cliff talks
01[12:54] {Threei} NASA says Dec 21 won't be Doomsday
01[12:54] {Threei} wtf
01[12:54] {Threei} nemo, you promised
[12:57] {Will49} and here I've been depleting my trading account based on not needing it anymore
01[12:57] {Threei} trading? I spent saving, checking and maxed out credit cards
[12:57] {Will49} :)
01[12:58] {Threei} and mortgaged out home twice
[12:58] {Will49} you're one creative Russian
01[12:59] {Threei} gullible too - nemo promised to cover my expenses if world doesn't end, but now I can't get him answer my pnic dcc
[13:00] {thomcbell} FB 27.01 break if holding 23.90
[13:01] {thomcbell} will definitely play it by the book
[13:02] {thomcbell} amazing - up 40% since the stock became available (the big one)
01[13:09] {Threei} the power of short squeeze
01[13:09] {Threei} remember the day I said this was going to happen?
01[13:10] {Threei} when all the forums screamed bloody murder
01[13:10] {Threei} "short into huge lockup expiration"
[13:13] {thomcbell} invalidated
[13:14] {thomcbell} can make the case for a 26.85 short break on it here too
01[13:23] {Threei} (US) White House Press Sec Carney: Progress has been made on fiscal cliff talks; Republicans recognize the need for more revenue, optimistic about reaching a budget deal- Not there yet over the dispute regarding top tax rates
01[13:24] {Threei} so, who believes there will be any meaningful cut in spending?
01[13:25] {Threei} deafening silnece
01[13:25] {Threei} Long Setup: FB 27 break
01[13:31] {Threei} Bacon-scented shaving cream hits the market
01[13:33] {Threei} nemo's genetic experiments gotta stop: http://goo.gl/TIgdb
[13:34] {nemo} wow
01[13:37] {Threei} target 1:4
01[13:39] {Threei} 1:1
[13:48] {nemo} this day feels like it's gonna' breakout
[13:48] {scottie} gotta go, see you all tomorrow
[13:48] {Will49} cya scottie
[13:48] {scottie} will
01[13:49] {Threei} take care scottie
01[13:52] {Threei} 1:2
[13:53] {dino} what'd i miss?
01[13:53] {Threei} FB call
01[13:53] {Threei} genius one
[13:53] {dino} gj
01[13:53] {Threei} if I may say so myself
01[13:54] {Threei} and if I may not, I will anyway
[13:55] {robbers} Yeah, nice call, Vad.
[13:56] {Will49} i second that emotion
01[13:56] {Threei} ty
01[13:59] {Threei} 1:3
01[14:03] {Threei} 1:4 target hit, over and out
[14:03] {dino} sweet
[14:03] {Will49} tks Vad...
06[14:03] * Threei takes a bow
01[14:18] {Threei} http://goo.gl/N0qYv
[14:34] {dino} pir hl l .59
[14:35] {dino} wll spike
[14:36] {dino} and drop
[14:49] {nemo} water torture market
[14:50] {dino} afternoons are dead
01[14:50] {Threei} they become very stock specific
[14:50] {nemo} tna set up at 2:12 but it snuck by...sheesh
01[14:50] {Threei} no point in trying to trade market move
[15:14] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[15:15] {dino} pir to flat thing won't move
[15:15] {dino} cbrl rolling over again
[15:23] {dino} stop pir flat
01[15:33] {Threei} Short Setup: FCX .20 break
01[15:33] {Threei} If holds .25
[15:33] {nemo} wow, shorting a dull market
[15:35] {thomcbell} just got bck - FB had a jeck of a move
01[15:40] {Threei} meh
01[15:52] {Threei} Ok guys, very decent day
01[15:52] {Threei} thank you all
[15:52] {Will49} See you guys tomorrow
01[15:52] {Threei} have a great evening
01[15:52] {Threei} see you tomorrow
[15:54] {dino} calling it a day too, thx all, decent morning
Wednesday, November 28, 2012
Nov 28 2012
Catch of the day is two simultaneous trades today
One more Catch of the Day for today, somewhat unusual one - Don't Kid The Kidder setup. You know how breakouts during lunchtime often fail, resulting in shakeouts? Well, this one we used to buy from those who were "shaken out." Read the comments on the chart.
Session Time: Wed Nov 28 00:00:00 2012
[08:28] {dino} gm
01[08:44] {Threei} morning dino, welcome back
[08:46] {dino} ty
01[08:58] {Threei} KCG...
[08:58] {nemo} yeah, buyout from GETCo
[08:58] {nemo} GMCR
01[08:59] {Threei} just a bid
01[08:59] {Threei} not buyout yet
[08:59] {nemo} yeah
01[08:59] {Threei} and bid is 3.50
[09:02] {cipher} gm
[09:03] {nemo} you been playing gmcr pre-market there cipher
[09:03] {nemo} ?
01[09:03] {Threei} cipher :)
[09:03] {nemo} oh...there was the morning stophunt on spy
[09:05] {cipher} no pre market today
[09:05] {cipher} you?
[09:06] {nemo} watching the levels...35.25 biggie so far 36.60 the high, 34.35 the low
[09:08] {nemo} Home builders strong with numbers coming at 10
[09:08] {nemo} GS sneaking up the relative strength list as are the Qs
[09:09] {scottie} good morning
[09:09] {nemo} interesting: BATS to borrow 300M for dividend payout. Is that a healthy company?
01[09:12] {Threei} scottie :)
[09:16] {ese} morning
01[09:16] {Threei} ese :)
[09:16] {ese} how is everyone............
[09:17] {nemo} I'm suddenly falling ill
[09:17] {ese} me too
01[09:17] {Threei} alive ese... you?
[09:18] {nemo} no...it's his ethereal self typing on the keyboard....sheesh
[09:18] {ese} hmmmmmmm
[09:19] {thomcbell} is there a chip stock that also serves alternative energy industry?
01[09:19] {Threei} AMD?
[09:20] {thomcbell} no but i believe it is 3 letter symbol
[09:20] {ese} ocz........solid state drives?
[09:20] {nemo} ocz makes memory too
[09:20] {Will49} Good Morning
01[09:20] {Threei} will :)
[09:21] {thomcbell} Doing chart work - very interested in 25.25 level on FB - uptrend line from $19 - 3 day trailing pivot - and 50 % retrace from the moonshot beginning around the $24 area
01[09:21] {Threei} US) President Obama to speak at 11:35 ET **Reminder: President is meeting with key business leaders today
[09:21] {ese} am looking to get back into that one nemo...now that they've ousted the stupid ceo thats got them into the position there in......solid product
01[09:22] {Threei} careful ese, company is investigated by SEC
[09:22] {ese} ya i've been following it........
[09:22] {ese} was seriously mismanaged by the former ceo
[09:24] {ese} they ousted him just before the last earnings release..........the new ceo psponed that release until a full investigation of the books was done......nasdaq then issued a letter because they've delayed that filing
[09:24] {Beau} good morning
01[09:24] {Threei} beau :)
[09:24] {ese} B
01[09:25] {Threei} yesterday was a remarkable day btw
[09:25] {ese} why?
01[09:25] {Threei} Obama signed act shielding US airlines from EU carbon tax - that marks second time I agree with what Obama does
01[09:26] {Threei} that makes quite a day for me
[09:26] {ese} cool
01[09:26] {Threei} FCX
01[09:26] {Threei} .95 support to break for short
[09:28] {nemo} nice spread fcx
01[09:29] {Threei} was better at the moment
01[09:29] {Threei} but setup is gone
01[09:29] {Threei} unless you risked premarket trade
[09:29] {nemo} yes...pre-market liquidity, even early market liquidity is iffy of late
[09:29] {dino} tfm gap around 49.35
[09:30] {dino} bang
01[09:31] {Threei} Short Setup: SLW .80 break
01[09:31] {Threei} If holds .90
01[09:32] {Threei} heh
01[09:32] {Threei} good luck gwetting that fill
[09:32] {robbers} ooops.
01[09:32] {Threei} look at that
01[09:32] {Threei} Short Setup: GLD .60 break hl
01[09:33] {Threei} ^%$@*&( SLW
[09:33] {nemo} spy coming in to gap fill
01[09:35] {Threei} no go
01[09:37] {Threei} Short Setup: FCX .80 break
01[09:38] {Threei} If holds .85
01[09:40] {Threei} target .60
01[09:40] {Threei} half out
01[09:40] {Threei} stop to .81
[09:42] {robbers} out fcx, thanks.
01[09:42] {Threei} :0
[09:42] {dino} tfm hl l .10
01[09:43] {Threei} US) Preview: Oct New Home Sales due out at 10:00ET (15:00 GMT)**Consensus expectation: 390Ke v 389K prior
01[09:44] {Threei} Short Setup: RIG .60 break
01[09:44] {Threei} If holds .70
[09:46] {dino} out tfm .80, +.70
01[09:46] {Threei} wtg
[09:46] {dino} ty
01[09:47] {Threei} FCX target hit, out
[09:47] {dino} 07 red
01[09:47] {Threei} Invalidated RIG
[09:48] {nemo} gmcr determined to go for the pre market high
[09:49] {scottie} I was in RIG from .59 !
01[09:49] {Threei} ?
01[09:49] {Threei} I didn't see .60 breaking
[09:50] {scottie} 9:46 candle
01[09:50] {Threei} print yes, but bid never went away
[09:50] {scottie} printed at .59 here
01[09:50] {Threei} do you watch level 2?
[09:50] {scottie} yes
[09:50] {dino} feels like whoosh down coming
[09:50] {scottie} level 2 and T&S
01[09:51] {Threei} there was a print below the bid
01[09:51] {Threei} .60 bid was always there
[09:51] {scottie} didn't see that :(
[09:51] {nemo} housing numbers at 10
[09:52] {nemo} you must have sold through
01[09:59] {Threei} two news conferences from congress dunces are coming
01[10:00] {Threei} yikes home sales
01[10:00] {Threei} (US) OCT NEW HOME SALES: 368K V 390KE- Prior revised lower from 389K to 369K
01[10:01] {Threei} Median price: $237.7K v $242.4K prior (revised from $242.4K) - Months supply: 4.8 v 4.7 prior (revised from 4.5)
01[10:02] {Threei} ok, call my cynic... but doesn't it strike you as highly suspicious that all those pre-election rising indicators suddenly turned down rigth after? and revisions are all down?
[10:02] {dino} indeed
[10:03] {thomcbell} no problems over at FB
01[10:04] {Threei} Long Setup: JPM 40 break
01[10:04] {Threei} If holds .90
01[10:05] {Threei} (FR) Fitch Analyst: France's 3%/GDP deficit target looks challenging, any underperformance of fiscal plans could lead to a ratings downgrade for France
01[10:05] {Threei} Invalidated JPM
01[10:10] {Threei} Long Setup: FB .25 break
01[10:10] {Threei} If holds .15
01[10:10] {Threei} target 1:3
01[10:10] {Threei} 1:1 was easy
01[10:13] {Threei} iksplozhion is coming
01[10:13] {Threei} I am sure I spell it right
[10:13] {thomcbell} for FB?
01[10:13] {Threei} yes
01[10:14] {Threei} JPM is valid again
01[10:14] {Threei} 1:2 would be a new high for FB, just 1 cent higher current one... which should make 1:3 easy
01[10:16] {Threei} oh boy
01[10:16] {Threei} (GR) EU's Barroso: EU will do what is necessary to keep Greece in the eurozone- European Commission to propose giving eurozone a "fiscal capacity"
01[10:16] {Threei} first line is a givcen.,... bit second is mind-boggling
01[10:17] {Threei} really?
01[10:18] {Threei} come on already FB, enough scares
01[10:19] {Threei} let's trail JPM to .94
[10:19] {dino} ctrx drop
[10:21] {dino} cbsh hl l .25
01[10:21] {Threei} FB stop to .29
01[10:21] {Threei} 1:2 baby
[10:21] {dino} gj
01[10:21] {Threei} ty
[10:22] {thomcbell} 46.75 is the gap fill
[10:22] {robbers} out FB, thanks.
01[10:22] {Threei} JPM 1:1
01[10:22] {Threei} yw
[10:22] {nemo} news?
01[10:22] {Threei} 1:2 close enough, out
01[10:23] {Threei} (US) US House Speaker Boehner: Optimistic deal can be reached on budget; willing to put revenues on table if accompanied by spending cuts
01[10:24] {Threei} my personal feel is, taxes will be raised, no spending cuts will take place
[10:24] {Will49} tks Vad 1:2 FB
01[10:24] {Threei} :)
01[10:24] {Threei} wow, JPM had more in it
01[10:25] {Threei} I questionwed even 1:2 potential
[10:26] {scottie} jpm +.18 tks Vad
01[10:26] {Threei} yw
01[10:27] {Threei} no one took JPM?
[10:27] {Will49} still only capable of one trade at a time
[10:27] {Will49} simple mind
[10:28] {robbers} Same here, Will.
01[10:28] {Threei} as I see it, republicans have no negotiating strength
01[10:29] {Threei} they say no, democrats simply let all tax cuts expire and come back the next day with tax cut for low income
01[10:29] {Threei} reps can't block that, it would be total suicide
01[10:30] {Threei} thus dems get what they want and reps look fibble-minded losers overplayed their hand
01[10:30] {Threei} so they won't say no
01[10:30] {Threei} and we will get tax hikes and pretense of spending cuts
[10:31] {Will49} you're just mad that their crooks get to run the show instead of our crooks
[10:31] {Will49} your crooks
[10:32] {Will49} :)
01[10:32] {Threei} very true
[10:32] {dino} only way you get serious spending cuts is if we go off the cliff. otherwise same old same old
[10:33] {Will49} be a good time for an alien invasion
[10:33] {Will49} do you think that would make people work together?
01[10:33] {Threei} only if no supervolcano eruption on Dec 21
[10:33] {Will49} lol
01[10:33] {Threei} but nemo promised
01[10:34] {Threei} and no, part on humankind will collaborate with aliens
[10:34] {Will49} maybe the dems ARE aliens
[10:34] {robbers} Good, we need a three-party system.
[10:34] {Will49} the clever buggers
01[10:34] {Threei} lol
[10:36] {Will49} POTUS's ears are a dead give away
[10:36] {Will49} he was probably born on he planet Zorn
[10:36] {Will49} the planet
[10:37] {Will49} and they don't have birth certificates there yet
01[10:37] {Threei} rofl
01[10:37] {Threei} but wait.. W was from Crypton I though?
[10:38] {Will49} yeah:)
01[10:38] {Threei} so we are ruled by aliens for a good while
[10:38] {Will49} we earthlings are done for
01[10:38] {Threei} White House reportedly will be flexible regarding the level of top tax rates - financial press
[10:39] {dino} out cbsh .52, +.27
[10:39] {scottie} out FB, went to 1:2 tks Vad
01[10:39] {Threei} each hint of them finding common ground leads to market spike'
01[10:40] {Threei} welcome sir
01[11:01] {Threei} things stalled
01[11:01] {Threei} visual: http://goo.gl/RYSNJ
[11:02] {nemo} yeah and the hurricane may have queered the housing numbers
01[11:19] {Threei} watvh LVS for possible setup from under .10
01[11:19] {Threei} if it tries to trap .20 buyers by quick dump
[11:23] {dino} shs spike
[11:24] {Will49} just to be clear..FB L break .10 after pullback?
[11:24] {dino} news shs?
[11:25] {Will49} sorry Vad meant LVS
[11:25] {Will49} LVS L .10 beak
[11:26] {Will49} break
[11:27] {dino} damn, can't borrow shs
[11:27] {dino} srpt spike
01[11:27] {Threei} yes
01[11:28] {Threei} with .04 stop
01[11:28] {Threei} and here we go
01[11:28] {Threei} I call it Don't Kid the Kidder setup
[11:33] {scottie} out lvs, took half at .20, tks Vad
01[11:34] {Threei} :)
01[11:34] {Threei} isn't it a beauty?
[11:36] {scottie} yep, went out too soon
[11:44] {scottie} ERJ s .05 ?
01[11:45] {Threei} not sure
[11:45] {scottie} ok
[11:47] {dino} wtw losing it
[11:50] {nemo} fslr
01[12:01] {Threei} guess who is on TV
[12:01] {cc_8} Culp (NYSE: CFI) shares jumped 4.66% to create a new 52-week high of $13.70. LB Foster's PEG ratio is 1.27.
[12:01] {cc_8} Momenta Pharmaceuticals (NASDAQ: MNTA) shares lost 2.52% to create a new 52-week low of $10.06.
[12:02] {cc_8} Cree Says LED Lighting Significantly Improves Sheetz Convenience RestaurantsPosted on: Wednesday, November 28, 2012 - 9:05amMore than 130 locations of convenience restaurant chain Sheetz, Inc. now . feature state-of-the-art LED lighting by Cree, Inc. (Nasdaq: CREE).
[12:02] {dino} ks spec div of $2
[12:17] {nemo} wtf
01[12:23] {Threei} http://goo.gl/fND5W
[12:35] {nemo} finnies still need to get to pivot
[12:38] {cc_8} Costco Latest Company to Announce Special Dividend Ahead of Fiscal CliffPosted on: Wednesday, November 28, 2012 - 10:21am
[12:38] {cc_8} Costco Wholesale Corporation (Nasdaq: COST) reported sales figures on Wednesday. The company posted net sales of $8.15 billion for the month of November, a nine percent increase
01[12:46] {Threei} Gold saw its biggest one-day drop this morning in nearly a month as the spot price tanked about 2% from around $1,736 to as low as $1,706. The sudden drop triggered stops and drove a massive amount of selling in a thin market. Traders initially blamed a fat finger, but there was no immediate recovery as would be expected with such an error. Others cited a trader setting up a short play of some kind.
01[12:46] {Threei} isn't it amazing
01[12:46] {Threei} this fascination with explanation
01[12:46] {Threei} everyone needs a backstory, as if there is always one for every market twist and turn
01[12:47] {Threei} total speculation: Others cited a trader setting up a short play of some kind
01[12:47] {Threei} lol
[12:47] {nemo} I find it coincidental...cough...how often markets turn at very technical levels
01[12:48] {Threei} hm... nemo, I just got an e-mail with groupon offer that made me think of you for some reason:
01[12:48] {Threei} Gutter Cleaning
01[12:49] {Threei} Up to 53%
[12:49] {nemo} Me too...I got one for exploding range targets...made me think of your head
01[12:49] {Threei} hehe... hit the nerve
01[12:49] {Threei} I feel like my job for the day is done
01[12:54] {Threei} I nominate this as the stupidest twit of the day:
01[12:54] {Threei} @HFTAlert: NEWS ALGOS TOTALLY IN CHARGE TODAY. GOOD LUCK HUMAN
[12:55] {nemo} yeah, they tweet that every day
01[12:56] {Threei} guess what dimwit - attempts to be the first to buy news didn't work in 1997 either, long before any algo
01[12:56] {Threei} the sheer numbers of idiots out there never stops amazing me
[12:57] {nemo} bell curve dood
01[12:57] {Threei} feels to me like it becomes curvier by day
01[12:57] {Threei} or bellier?
[12:58] {nemo} morons breed more often, as Uncle Zhukie used to say
01[12:58] {Threei} lol
[12:58] {nemo} I'm serious
[12:58] {dino} lol
[12:59] {nemo} he pointed out the window at them and said to my friend, "Do you really think they'll stop breeding!"
01[12:59] {Threei} my grandfather once told me: you know you start getting old when you feel the world is doomed and idiots take over every nook and cranny.
01[13:00] {Threei} By that criteria, I am getting old real fast
[13:01] {nemo} listening to you gets old real fast
01[13:01] {Threei} Powerball Jackpot Swells to $550 Million, As Lotto Fever Sweeps the Nation
01[13:01] {Threei} nemo... let's buy that ticket
[13:02] {nemo} Yeah, already done. What's great about Powerball is you don't have to identify yourself
01[13:03] {Threei} what do you mean already done... you bought a ticket
01[13:03] {Threei} I meant THAT ticket
[13:03] {nemo} no...this afternoon...I wouldn't tell anybody...then just grab the passport and ....SAYONARA!!!!
01[13:03] {Threei} say what??
01[13:04] {Threei} what about my share??
01[13:04] {Threei} sheesh...
[13:04] {nemo} you miss the part about the passport?
01[13:04] {Threei} oh the humanity
[13:04] {nemo} @$#* humanity!!!
01[13:04] {Threei} wire me my share, then grab that passport
[13:04] {nemo} already have passport
01[13:05] {Threei} (US) Fed's Evans: US lawmakers will probably avoid the fiscal cliff; fiscal consolidation should take place over a longer, more appropriate period of time - interview- Reiterates that the US faces a long period of low rates, Fed can raise rates when the economy becomes more vibrant. - Reiterates that Fed should maintain zero rates until unemployment falls to 6.5%. - Fed needs to continue $85B in asset purchases (Operation Twist) for six months up to one year
01[13:05] {Threei} hmmm
01[13:05] {Threei} wasn't it "indefinitely"?
01[13:05] {Threei} where did 6 month to 1 year come from
[13:17] {dino} tdc drop
[13:24] {scottie} APKT l .60 ?
[13:24] {scottie} if holds .50
01[13:25] {Threei} hmmm
01[13:25] {Threei} probably
[13:27] {dino} club hl l .98
01[13:29] {Threei} Short Setup: LVS .80 break
01[13:30] {Threei} If holds .85
01[13:31] {Threei} no go
01[13:32] {Threei} rinse??
01[13:33] {Threei} yuck
01[13:33] {Threei} disgusting, LVS... disgusting
01[13:33] {Threei} right idea, one cent rinse
01[13:36] {Threei} am I alone here?
[13:36] {Will49} we chickens are still here
[13:37] {thomcbell} pretty dull tape
[13:37] {thomcbell} now
01[13:37] {Threei} ok... are will and I are alone here?
[13:37] {Will49} roll call
01[13:37] {Threei} ok... are will, tbell and I are alone here?
[13:37] {thomcbell} FB tightest range in a while
01[13:37] {Threei} hehe
[13:37] {scottie} I'm in apkt .61, stop .54
[13:37] {Will49} me too scottie
01[13:38] {Threei} bands are tightening
01[13:38] {Threei} resolution must be coming
[13:38] {robbers} That was a really good call, just didn't work out perfectly.
01[13:38] {Threei} ah well
[13:38] {thomcbell} on FB Vad? and if so - with your 1 minute chart ones?
01[13:38] {Threei} no, APKT
01[13:39] {Threei} actually, FB too
01[13:39] {Threei} just not as pronounced'
[13:42] {dino} tkr
01[13:43] {Threei} Long Setup: FB .30 break
[13:46] {dino} gdi spike
[13:52] {dino} gdi sm s .74
[13:52] {dino} cov .34, +.40
[13:53] {nemo} ya' know, one could argue short here on spy
[13:53] {dino} mlnx bloody
01[13:53] {Threei} I could argue both sides of this equally
[13:54] {nemo} yes, and of course, overbought can lead to overboughter
[13:56] {dino} tkr spike
[13:57] {nemo} gmcr about to go
[13:57] {dino} club stopped -.14
01[13:57] {Threei} hand it a diaper, quick
01[14:00] {Threei} *(US) FED'S BEIGE BOOK: ECONOMY EXPANDED AT A MEASURED PACE; HURRICANE SANDY CAUSED WEAKER GROWTH IN SOME AREAS
01[14:01] {Threei} expanded at measured pace
01[14:01] {Threei} FB stop to .29
01[14:02] {Threei} out
[14:08] {scottie} half out apkt
01[14:09] {Threei} nice
[14:09] {Will49} missed half by 1 cent
[14:09] {dino} gj
[14:09] {scottie} ty
[14:09] {Will49} got it
[14:09] {scottie} great will
[14:09] {Will49} tks scottie
[14:11] {scottie} stop .63
01[14:13] {Threei} hmmm
01[14:14] {Threei} According to a study by Spectrem Group, 58 percent of millionaire pet owners have a dog. Only 37 percent own a cat. Only three percent keep fish, two percent birds and two percent have a horse.
01[14:14] {Threei} no single rabbit
[14:14] {Will49} haha
[14:14] {nemo} ;-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-)
[14:14] {nemo} I woke up around 4 this morning, which is bunny's favorite play time
[14:17] {scottie} dtop .69
[14:17] {scottie} stop
[14:22] {scottie} out
[14:26] {nemo} tna could be long above .20
[14:28] {nemo} nope
[14:39] {nemo} o.k. I was a tad early
[14:45] {nemo} Qs IWM and SPY all got to their daily pivots, finnies the only thing that hasn't yet
[14:50] {scottie} GG .35 if holds .25 ?
[14:51] {scottie} went up while I was typing
[14:54] {scottie} in .36
[14:55] {nemo} can't get lower lows on indexes, this is looking more like a breakout coming
[14:58] {scottie} half out
[15:02] {scottie} stop .39
01[15:03] {Threei} wtg
[15:03] {dino} gj
[15:04] {scottie} out
[15:04] {scottie} ty
01[15:06] {Threei} Short Setup: FB .20 break
[15:09] {nemo} big gap up tomorrow
01[15:10] {Threei} (US) Senator Conrad (D-ND) Budget Committee Chair: Need $400B worth of spending cuts and revenue raises as a downpayment this year to avoid the fiscal cliff- Affirms that any deal to avoid the fiscal cliff should include raising the debt ceiling - Recommends a split of $400B between revenue and spending cuts
01[15:10] {Threei} 400B?
01[15:10] {Threei} 4 months deficit
[15:10] {dino} rgr drop
[15:14] {Will49} big wick at 15:10 doesn't invalidate FB..right?
[15:15] {nemo} finnies topped out at pivot...that may be it
01[15:16] {Threei} valid, yes
[15:16] {Will49} tks
01[15:17] {Threei} Short Setup: GLD .50 break hl
01[15:17] {Threei} If holds .60
01[15:29] {Threei} Invalidated FB
01[15:44] {Threei} die GLD
01[15:54] {Threei} meh
01[15:54] {Threei} ok guys, thank you all
01[15:55] {Threei} have a good evening, see you tomorrow
[15:56] {scottie} gn all
[15:57] {dino} thx all, gn
One more Catch of the Day for today, somewhat unusual one - Don't Kid The Kidder setup. You know how breakouts during lunchtime often fail, resulting in shakeouts? Well, this one we used to buy from those who were "shaken out." Read the comments on the chart.
Session Time: Wed Nov 28 00:00:00 2012
[08:28] {dino} gm
01[08:44] {Threei} morning dino, welcome back
[08:46] {dino} ty
01[08:58] {Threei} KCG...
[08:58] {nemo} yeah, buyout from GETCo
[08:58] {nemo} GMCR
01[08:59] {Threei} just a bid
01[08:59] {Threei} not buyout yet
[08:59] {nemo} yeah
01[08:59] {Threei} and bid is 3.50
[09:02] {cipher} gm
[09:03] {nemo} you been playing gmcr pre-market there cipher
[09:03] {nemo} ?
01[09:03] {Threei} cipher :)
[09:03] {nemo} oh...there was the morning stophunt on spy
[09:05] {cipher} no pre market today
[09:05] {cipher} you?
[09:06] {nemo} watching the levels...35.25 biggie so far 36.60 the high, 34.35 the low
[09:08] {nemo} Home builders strong with numbers coming at 10
[09:08] {nemo} GS sneaking up the relative strength list as are the Qs
[09:09] {scottie} good morning
[09:09] {nemo} interesting: BATS to borrow 300M for dividend payout. Is that a healthy company?
01[09:12] {Threei} scottie :)
[09:16] {ese} morning
01[09:16] {Threei} ese :)
[09:16] {ese} how is everyone............
[09:17] {nemo} I'm suddenly falling ill
[09:17] {ese} me too
01[09:17] {Threei} alive ese... you?
[09:18] {nemo} no...it's his ethereal self typing on the keyboard....sheesh
[09:18] {ese} hmmmmmmm
[09:19] {thomcbell} is there a chip stock that also serves alternative energy industry?
01[09:19] {Threei} AMD?
[09:20] {thomcbell} no but i believe it is 3 letter symbol
[09:20] {ese} ocz........solid state drives?
[09:20] {nemo} ocz makes memory too
[09:20] {Will49} Good Morning
01[09:20] {Threei} will :)
[09:21] {thomcbell} Doing chart work - very interested in 25.25 level on FB - uptrend line from $19 - 3 day trailing pivot - and 50 % retrace from the moonshot beginning around the $24 area
01[09:21] {Threei} US) President Obama to speak at 11:35 ET **Reminder: President is meeting with key business leaders today
[09:21] {ese} am looking to get back into that one nemo...now that they've ousted the stupid ceo thats got them into the position there in......solid product
01[09:22] {Threei} careful ese, company is investigated by SEC
[09:22] {ese} ya i've been following it........
[09:22] {ese} was seriously mismanaged by the former ceo
[09:24] {ese} they ousted him just before the last earnings release..........the new ceo psponed that release until a full investigation of the books was done......nasdaq then issued a letter because they've delayed that filing
[09:24] {Beau} good morning
01[09:24] {Threei} beau :)
[09:24] {ese} B
01[09:25] {Threei} yesterday was a remarkable day btw
[09:25] {ese} why?
01[09:25] {Threei} Obama signed act shielding US airlines from EU carbon tax - that marks second time I agree with what Obama does
01[09:26] {Threei} that makes quite a day for me
[09:26] {ese} cool
01[09:26] {Threei} FCX
01[09:26] {Threei} .95 support to break for short
[09:28] {nemo} nice spread fcx
01[09:29] {Threei} was better at the moment
01[09:29] {Threei} but setup is gone
01[09:29] {Threei} unless you risked premarket trade
[09:29] {nemo} yes...pre-market liquidity, even early market liquidity is iffy of late
[09:29] {dino} tfm gap around 49.35
[09:30] {dino} bang
01[09:31] {Threei} Short Setup: SLW .80 break
01[09:31] {Threei} If holds .90
01[09:32] {Threei} heh
01[09:32] {Threei} good luck gwetting that fill
[09:32] {robbers} ooops.
01[09:32] {Threei} look at that
01[09:32] {Threei} Short Setup: GLD .60 break hl
01[09:33] {Threei} ^%$@*&( SLW
[09:33] {nemo} spy coming in to gap fill
01[09:35] {Threei} no go
01[09:37] {Threei} Short Setup: FCX .80 break
01[09:38] {Threei} If holds .85
01[09:40] {Threei} target .60
01[09:40] {Threei} half out
01[09:40] {Threei} stop to .81
[09:42] {robbers} out fcx, thanks.
01[09:42] {Threei} :0
[09:42] {dino} tfm hl l .10
01[09:43] {Threei} US) Preview: Oct New Home Sales due out at 10:00ET (15:00 GMT)**Consensus expectation: 390Ke v 389K prior
01[09:44] {Threei} Short Setup: RIG .60 break
01[09:44] {Threei} If holds .70
[09:46] {dino} out tfm .80, +.70
01[09:46] {Threei} wtg
[09:46] {dino} ty
01[09:47] {Threei} FCX target hit, out
[09:47] {dino} 07 red
01[09:47] {Threei} Invalidated RIG
[09:48] {nemo} gmcr determined to go for the pre market high
[09:49] {scottie} I was in RIG from .59 !
01[09:49] {Threei} ?
01[09:49] {Threei} I didn't see .60 breaking
[09:50] {scottie} 9:46 candle
01[09:50] {Threei} print yes, but bid never went away
[09:50] {scottie} printed at .59 here
01[09:50] {Threei} do you watch level 2?
[09:50] {scottie} yes
[09:50] {dino} feels like whoosh down coming
[09:50] {scottie} level 2 and T&S
01[09:51] {Threei} there was a print below the bid
01[09:51] {Threei} .60 bid was always there
[09:51] {scottie} didn't see that :(
[09:51] {nemo} housing numbers at 10
[09:52] {nemo} you must have sold through
01[09:59] {Threei} two news conferences from congress dunces are coming
01[10:00] {Threei} yikes home sales
01[10:00] {Threei} (US) OCT NEW HOME SALES: 368K V 390KE- Prior revised lower from 389K to 369K
01[10:01] {Threei} Median price: $237.7K v $242.4K prior (revised from $242.4K) - Months supply: 4.8 v 4.7 prior (revised from 4.5)
01[10:02] {Threei} ok, call my cynic... but doesn't it strike you as highly suspicious that all those pre-election rising indicators suddenly turned down rigth after? and revisions are all down?
[10:02] {dino} indeed
[10:03] {thomcbell} no problems over at FB
01[10:04] {Threei} Long Setup: JPM 40 break
01[10:04] {Threei} If holds .90
01[10:05] {Threei} (FR) Fitch Analyst: France's 3%/GDP deficit target looks challenging, any underperformance of fiscal plans could lead to a ratings downgrade for France
01[10:05] {Threei} Invalidated JPM
01[10:10] {Threei} Long Setup: FB .25 break
01[10:10] {Threei} If holds .15
01[10:10] {Threei} target 1:3
01[10:10] {Threei} 1:1 was easy
01[10:13] {Threei} iksplozhion is coming
01[10:13] {Threei} I am sure I spell it right
[10:13] {thomcbell} for FB?
01[10:13] {Threei} yes
01[10:14] {Threei} JPM is valid again
01[10:14] {Threei} 1:2 would be a new high for FB, just 1 cent higher current one... which should make 1:3 easy
01[10:16] {Threei} oh boy
01[10:16] {Threei} (GR) EU's Barroso: EU will do what is necessary to keep Greece in the eurozone- European Commission to propose giving eurozone a "fiscal capacity"
01[10:16] {Threei} first line is a givcen.,... bit second is mind-boggling
01[10:17] {Threei} really?
01[10:18] {Threei} come on already FB, enough scares
01[10:19] {Threei} let's trail JPM to .94
[10:19] {dino} ctrx drop
[10:21] {dino} cbsh hl l .25
01[10:21] {Threei} FB stop to .29
01[10:21] {Threei} 1:2 baby
[10:21] {dino} gj
01[10:21] {Threei} ty
[10:22] {thomcbell} 46.75 is the gap fill
[10:22] {robbers} out FB, thanks.
01[10:22] {Threei} JPM 1:1
01[10:22] {Threei} yw
[10:22] {nemo} news?
01[10:22] {Threei} 1:2 close enough, out
01[10:23] {Threei} (US) US House Speaker Boehner: Optimistic deal can be reached on budget; willing to put revenues on table if accompanied by spending cuts
01[10:24] {Threei} my personal feel is, taxes will be raised, no spending cuts will take place
[10:24] {Will49} tks Vad 1:2 FB
01[10:24] {Threei} :)
01[10:24] {Threei} wow, JPM had more in it
01[10:25] {Threei} I questionwed even 1:2 potential
[10:26] {scottie} jpm +.18 tks Vad
01[10:26] {Threei} yw
01[10:27] {Threei} no one took JPM?
[10:27] {Will49} still only capable of one trade at a time
[10:27] {Will49} simple mind
[10:28] {robbers} Same here, Will.
01[10:28] {Threei} as I see it, republicans have no negotiating strength
01[10:29] {Threei} they say no, democrats simply let all tax cuts expire and come back the next day with tax cut for low income
01[10:29] {Threei} reps can't block that, it would be total suicide
01[10:30] {Threei} thus dems get what they want and reps look fibble-minded losers overplayed their hand
01[10:30] {Threei} so they won't say no
01[10:30] {Threei} and we will get tax hikes and pretense of spending cuts
[10:31] {Will49} you're just mad that their crooks get to run the show instead of our crooks
[10:31] {Will49} your crooks
[10:32] {Will49} :)
01[10:32] {Threei} very true
[10:32] {dino} only way you get serious spending cuts is if we go off the cliff. otherwise same old same old
[10:33] {Will49} be a good time for an alien invasion
[10:33] {Will49} do you think that would make people work together?
01[10:33] {Threei} only if no supervolcano eruption on Dec 21
[10:33] {Will49} lol
01[10:33] {Threei} but nemo promised
01[10:34] {Threei} and no, part on humankind will collaborate with aliens
[10:34] {Will49} maybe the dems ARE aliens
[10:34] {robbers} Good, we need a three-party system.
[10:34] {Will49} the clever buggers
01[10:34] {Threei} lol
[10:36] {Will49} POTUS's ears are a dead give away
[10:36] {Will49} he was probably born on he planet Zorn
[10:36] {Will49} the planet
[10:37] {Will49} and they don't have birth certificates there yet
01[10:37] {Threei} rofl
01[10:37] {Threei} but wait.. W was from Crypton I though?
[10:38] {Will49} yeah:)
01[10:38] {Threei} so we are ruled by aliens for a good while
[10:38] {Will49} we earthlings are done for
01[10:38] {Threei} White House reportedly will be flexible regarding the level of top tax rates - financial press
[10:39] {dino} out cbsh .52, +.27
[10:39] {scottie} out FB, went to 1:2 tks Vad
01[10:39] {Threei} each hint of them finding common ground leads to market spike'
01[10:40] {Threei} welcome sir
01[11:01] {Threei} things stalled
01[11:01] {Threei} visual: http://goo.gl/RYSNJ
[11:02] {nemo} yeah and the hurricane may have queered the housing numbers
01[11:19] {Threei} watvh LVS for possible setup from under .10
01[11:19] {Threei} if it tries to trap .20 buyers by quick dump
[11:23] {dino} shs spike
[11:24] {Will49} just to be clear..FB L break .10 after pullback?
[11:24] {dino} news shs?
[11:25] {Will49} sorry Vad meant LVS
[11:25] {Will49} LVS L .10 beak
[11:26] {Will49} break
[11:27] {dino} damn, can't borrow shs
[11:27] {dino} srpt spike
01[11:27] {Threei} yes
01[11:28] {Threei} with .04 stop
01[11:28] {Threei} and here we go
01[11:28] {Threei} I call it Don't Kid the Kidder setup
[11:33] {scottie} out lvs, took half at .20, tks Vad
01[11:34] {Threei} :)
01[11:34] {Threei} isn't it a beauty?
[11:36] {scottie} yep, went out too soon
[11:44] {scottie} ERJ s .05 ?
01[11:45] {Threei} not sure
[11:45] {scottie} ok
[11:47] {dino} wtw losing it
[11:50] {nemo} fslr
01[12:01] {Threei} guess who is on TV
[12:01] {cc_8} Culp (NYSE: CFI) shares jumped 4.66% to create a new 52-week high of $13.70. LB Foster's PEG ratio is 1.27.
[12:01] {cc_8} Momenta Pharmaceuticals (NASDAQ: MNTA) shares lost 2.52% to create a new 52-week low of $10.06.
[12:02] {cc_8} Cree Says LED Lighting Significantly Improves Sheetz Convenience RestaurantsPosted on: Wednesday, November 28, 2012 - 9:05amMore than 130 locations of convenience restaurant chain Sheetz, Inc. now . feature state-of-the-art LED lighting by Cree, Inc. (Nasdaq: CREE).
[12:02] {dino} ks spec div of $2
[12:17] {nemo} wtf
01[12:23] {Threei} http://goo.gl/fND5W
[12:35] {nemo} finnies still need to get to pivot
[12:38] {cc_8} Costco Latest Company to Announce Special Dividend Ahead of Fiscal CliffPosted on: Wednesday, November 28, 2012 - 10:21am
[12:38] {cc_8} Costco Wholesale Corporation (Nasdaq: COST) reported sales figures on Wednesday. The company posted net sales of $8.15 billion for the month of November, a nine percent increase
01[12:46] {Threei} Gold saw its biggest one-day drop this morning in nearly a month as the spot price tanked about 2% from around $1,736 to as low as $1,706. The sudden drop triggered stops and drove a massive amount of selling in a thin market. Traders initially blamed a fat finger, but there was no immediate recovery as would be expected with such an error. Others cited a trader setting up a short play of some kind.
01[12:46] {Threei} isn't it amazing
01[12:46] {Threei} this fascination with explanation
01[12:46] {Threei} everyone needs a backstory, as if there is always one for every market twist and turn
01[12:47] {Threei} total speculation: Others cited a trader setting up a short play of some kind
01[12:47] {Threei} lol
[12:47] {nemo} I find it coincidental...cough...how often markets turn at very technical levels
01[12:48] {Threei} hm... nemo, I just got an e-mail with groupon offer that made me think of you for some reason:
01[12:48] {Threei} Gutter Cleaning
01[12:49] {Threei} Up to 53%
[12:49] {nemo} Me too...I got one for exploding range targets...made me think of your head
01[12:49] {Threei} hehe... hit the nerve
01[12:49] {Threei} I feel like my job for the day is done
01[12:54] {Threei} I nominate this as the stupidest twit of the day:
01[12:54] {Threei} @HFTAlert: NEWS ALGOS TOTALLY IN CHARGE TODAY. GOOD LUCK HUMAN
[12:55] {nemo} yeah, they tweet that every day
01[12:56] {Threei} guess what dimwit - attempts to be the first to buy news didn't work in 1997 either, long before any algo
01[12:56] {Threei} the sheer numbers of idiots out there never stops amazing me
[12:57] {nemo} bell curve dood
01[12:57] {Threei} feels to me like it becomes curvier by day
01[12:57] {Threei} or bellier?
[12:58] {nemo} morons breed more often, as Uncle Zhukie used to say
01[12:58] {Threei} lol
[12:58] {nemo} I'm serious
[12:58] {dino} lol
[12:59] {nemo} he pointed out the window at them and said to my friend, "Do you really think they'll stop breeding!"
01[12:59] {Threei} my grandfather once told me: you know you start getting old when you feel the world is doomed and idiots take over every nook and cranny.
01[13:00] {Threei} By that criteria, I am getting old real fast
[13:01] {nemo} listening to you gets old real fast
01[13:01] {Threei} Powerball Jackpot Swells to $550 Million, As Lotto Fever Sweeps the Nation
01[13:01] {Threei} nemo... let's buy that ticket
[13:02] {nemo} Yeah, already done. What's great about Powerball is you don't have to identify yourself
01[13:03] {Threei} what do you mean already done... you bought a ticket
01[13:03] {Threei} I meant THAT ticket
[13:03] {nemo} no...this afternoon...I wouldn't tell anybody...then just grab the passport and ....SAYONARA!!!!
01[13:03] {Threei} say what??
01[13:04] {Threei} what about my share??
01[13:04] {Threei} sheesh...
[13:04] {nemo} you miss the part about the passport?
01[13:04] {Threei} oh the humanity
[13:04] {nemo} @$#* humanity!!!
01[13:04] {Threei} wire me my share, then grab that passport
[13:04] {nemo} already have passport
01[13:05] {Threei} (US) Fed's Evans: US lawmakers will probably avoid the fiscal cliff; fiscal consolidation should take place over a longer, more appropriate period of time - interview- Reiterates that the US faces a long period of low rates, Fed can raise rates when the economy becomes more vibrant. - Reiterates that Fed should maintain zero rates until unemployment falls to 6.5%. - Fed needs to continue $85B in asset purchases (Operation Twist) for six months up to one year
01[13:05] {Threei} hmmm
01[13:05] {Threei} wasn't it "indefinitely"?
01[13:05] {Threei} where did 6 month to 1 year come from
[13:17] {dino} tdc drop
[13:24] {scottie} APKT l .60 ?
[13:24] {scottie} if holds .50
01[13:25] {Threei} hmmm
01[13:25] {Threei} probably
[13:27] {dino} club hl l .98
01[13:29] {Threei} Short Setup: LVS .80 break
01[13:30] {Threei} If holds .85
01[13:31] {Threei} no go
01[13:32] {Threei} rinse??
01[13:33] {Threei} yuck
01[13:33] {Threei} disgusting, LVS... disgusting
01[13:33] {Threei} right idea, one cent rinse
01[13:36] {Threei} am I alone here?
[13:36] {Will49} we chickens are still here
[13:37] {thomcbell} pretty dull tape
[13:37] {thomcbell} now
01[13:37] {Threei} ok... are will and I are alone here?
[13:37] {Will49} roll call
01[13:37] {Threei} ok... are will, tbell and I are alone here?
[13:37] {thomcbell} FB tightest range in a while
01[13:37] {Threei} hehe
[13:37] {scottie} I'm in apkt .61, stop .54
[13:37] {Will49} me too scottie
01[13:38] {Threei} bands are tightening
01[13:38] {Threei} resolution must be coming
[13:38] {robbers} That was a really good call, just didn't work out perfectly.
01[13:38] {Threei} ah well
[13:38] {thomcbell} on FB Vad? and if so - with your 1 minute chart ones?
01[13:38] {Threei} no, APKT
01[13:39] {Threei} actually, FB too
01[13:39] {Threei} just not as pronounced'
[13:42] {dino} tkr
01[13:43] {Threei} Long Setup: FB .30 break
[13:46] {dino} gdi spike
[13:52] {dino} gdi sm s .74
[13:52] {dino} cov .34, +.40
[13:53] {nemo} ya' know, one could argue short here on spy
[13:53] {dino} mlnx bloody
01[13:53] {Threei} I could argue both sides of this equally
[13:54] {nemo} yes, and of course, overbought can lead to overboughter
[13:56] {dino} tkr spike
[13:57] {nemo} gmcr about to go
[13:57] {dino} club stopped -.14
01[13:57] {Threei} hand it a diaper, quick
01[14:00] {Threei} *(US) FED'S BEIGE BOOK: ECONOMY EXPANDED AT A MEASURED PACE; HURRICANE SANDY CAUSED WEAKER GROWTH IN SOME AREAS
01[14:01] {Threei} expanded at measured pace
01[14:01] {Threei} FB stop to .29
01[14:02] {Threei} out
[14:08] {scottie} half out apkt
01[14:09] {Threei} nice
[14:09] {Will49} missed half by 1 cent
[14:09] {dino} gj
[14:09] {scottie} ty
[14:09] {Will49} got it
[14:09] {scottie} great will
[14:09] {Will49} tks scottie
[14:11] {scottie} stop .63
01[14:13] {Threei} hmmm
01[14:14] {Threei} According to a study by Spectrem Group, 58 percent of millionaire pet owners have a dog. Only 37 percent own a cat. Only three percent keep fish, two percent birds and two percent have a horse.
01[14:14] {Threei} no single rabbit
[14:14] {Will49} haha
[14:14] {nemo} ;-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-);-)
[14:14] {nemo} I woke up around 4 this morning, which is bunny's favorite play time
[14:17] {scottie} dtop .69
[14:17] {scottie} stop
[14:22] {scottie} out
[14:26] {nemo} tna could be long above .20
[14:28] {nemo} nope
[14:39] {nemo} o.k. I was a tad early
[14:45] {nemo} Qs IWM and SPY all got to their daily pivots, finnies the only thing that hasn't yet
[14:50] {scottie} GG .35 if holds .25 ?
[14:51] {scottie} went up while I was typing
[14:54] {scottie} in .36
[14:55] {nemo} can't get lower lows on indexes, this is looking more like a breakout coming
[14:58] {scottie} half out
[15:02] {scottie} stop .39
01[15:03] {Threei} wtg
[15:03] {dino} gj
[15:04] {scottie} out
[15:04] {scottie} ty
01[15:06] {Threei} Short Setup: FB .20 break
[15:09] {nemo} big gap up tomorrow
01[15:10] {Threei} (US) Senator Conrad (D-ND) Budget Committee Chair: Need $400B worth of spending cuts and revenue raises as a downpayment this year to avoid the fiscal cliff- Affirms that any deal to avoid the fiscal cliff should include raising the debt ceiling - Recommends a split of $400B between revenue and spending cuts
01[15:10] {Threei} 400B?
01[15:10] {Threei} 4 months deficit
[15:10] {dino} rgr drop
[15:14] {Will49} big wick at 15:10 doesn't invalidate FB..right?
[15:15] {nemo} finnies topped out at pivot...that may be it
01[15:16] {Threei} valid, yes
[15:16] {Will49} tks
01[15:17] {Threei} Short Setup: GLD .50 break hl
01[15:17] {Threei} If holds .60
01[15:29] {Threei} Invalidated FB
01[15:44] {Threei} die GLD
01[15:54] {Threei} meh
01[15:54] {Threei} ok guys, thank you all
01[15:55] {Threei} have a good evening, see you tomorrow
[15:56] {scottie} gn all
[15:57] {dino} thx all, gn
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